The e-commerce giant, Amazon, is gearing up to launch a budget-friendly storefront that’ll go head-to-head with Temu and Shein.
Key Stats:
New storefront will feature items priced under $20Delivery time: 9-11 days from China to U.S.Chinese sellers on Amazon grew over 20% in 2023
What’s in Store?
Amazon’s new section will be packed with low-cost, unbranded items. This will cover fashion, home goods, and gadgets – all at wallet-friendly prices.
Products will ship straight from Chinese sellers to U.S. shoppers, cutting costs and delivery times.Using Shein’s playbook, Amazon will let sellers test products in small batches.
Why the Budget Push? Temu and Shein have been stealing the spotlight (and customers) with their rock-bottom prices. Amazon wants to crush its competition.
Source: CNBC
