Watch out, Shein and Temu: Amazon Haul is coming for online discount market [Yahoo! Finance]
Amazon.com, Inc. (AMZN)
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Source: Yahoo! Finance
Shoppers can browse Amazon Haul on mobile devices in the Amazon app, the online retailing giant said in an announcement Wednesday. The products, which include fashion, home, lifestyle, and electronics, are unbranded and come from sellers across the world that Amazon has vetted. A majority of the products are priced at $10 or less, and some are priced at $1. “Finding great products at very low prices is important to customers, and we continue to explore ways that we can work with our selling partners so they can offer products at ultra-low prices,” Dharmesh Mehta, Amazon's vice president of worldwide selling partner services said in a statement. Here's what you need to know: Amazon had recently touted its strategy of leaning into the increased sale of lower-priced everyday items to offset a slowdown in big-ticket items – and as a way to counter sales diverted by online discount marketplaces like Temu , a Chinese-owned site based in the U.S., and Shein , founded in China but ba
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