Amazon's Latest Move Puts It Head to Head Against Temu and Shein [Yahoo! Finance]
Amazon.com, Inc. (AMZN)
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Source: Yahoo! Finance
And with next-day or even same-day delivery options, it can sometimes be much more convenient than going to an in-store retailer. But Amazon isn't capturing all of the market and catering to all customer needs. There are many consumers who are looking to save money amid inflation, and turning to cheaper online retailers such as Temu or Shein. They're willing to wait longer for purchases if it means a much lower price point for products. Start Your Mornings Smarter! Wake up with Breakfast news in your inbox every market day. Sign Up For Free » Amazon, however, is going to focus on those types of customers with the launch of its newest service: Amazon Haul. Amazon Haul is a new storefront that will offer discounted items to better compete against Temu, Shein, and other e-commerce platforms that offer ultra-low-priced products. It promises to have items that are $20 or less, but most will be less than $10 and some as low as just $1. The caveat is that just like with those other l
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AMZN
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