Amazon plans to launch discount store in bid to fend off Temu and Shein
Publishing timestamp: 2024-06-26 20:41:44
Summary
Amazon hosted a closed-door event for sellers in China to present plans for a new budget storefront that will directly compete with emerging e-commerce sites Temu and Shein. The storefront will feature low-cost apparel, home goods, and other items, with many priced under $20. Amazon plans to launch a new section on its site dedicated to low-priced fashion and lifestyle items that will allow Chinese sellers to ship directly to U.S. consumers. The company is making a renewed push to court sellers in China as it faces growing competition.
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Keywords: e-commerce, internet, technology, amazon.com inc, breaking news: technology, business news,
Source: https://www.cnbc.com/2024/06/26/amazon-plans-discount-store-in-bid-to-fend-off-temu-and-shein.html