Summary List Placement
Thrasio has brought in a longtime retail executive to serve as its chief financial officer, as the company seeks to buy up even more of Amazon’s increasingly lucrative third-party sellers.
Thrasio is an e-commerce business that focuses on acquiring and scaling third-party brands native to Amazon. The company touts itself as “the largest acquirer of Amazon FBA brands,” with a roster of 100 “top-rated brands” and 15,000 products.
Read more: Big firms are popping up to buy third-party Amazon sellers, who made up more than half of the retail giant’s $386 billion in net sales in 2020. Here are the biggest players in this fast-growing trend.
Amazon sellers have blossomed into a major business over time, a trend highlighted by Thrasio’s fast growth. During the online giant’s most recent Prime Day, third-party sales spiked to over $3.5 billion, beating out the company’s retail business.
On the hiring front, Bill Wafford will now be joining the company’s C-suite, as CFO. He previously served as the CFO of JCPenney and The Vitamin Shoppe, and his résumé also features companies like Target and Walgreens.
“Bill is the perfect addition to our visionary and innovative management …read more
Source:: Businessinsider – Tech