XLY - Amazon To Challenge Shein And Temu With New Bargain Site: Report | Benzinga
Amazon.com Inc (NASDAQ:AMZN) is reportedly preparing to launch a new section on its shopping site, targeting overseas consumers with affordable items shipped directly from warehouses in China.
This strategic move is aimed to compete with bargain sites like Temu and Shein, reported Reuters.
The upcoming marketplace will feature unbranded fashion, home goods, and daily necessities, promising delivery times of 9 to 11 days.
In a recent closed-door meeting, Amazon informed Chinese sellers that it would start signing up merchants this summer and begin accepting inventory in the fall, per the report, which cited the ...