Bidz.com, the Culver City, Calif. online auction site that primarily deals in close-outs, is now selling its jewelry over noted etailer Amazon.com, according to the Wall Street Journal.
Bidz president Leon Kuperman told the Journal that Amazon “is much better suited for a large retailer than a platform like eBay.” Ironically, Bidz began out of its founder’s ebay store.
Bidz also owns buyz.com, a “fixed price” jewerly site.
The news came as Amazon announced its net income for the first quarter increased to $177 million, up from $143 million one year ago. Sales increased 18 percent to $4.9 billion.