Amazon launches low-cost ecommerce service in US to challenge Temu

(Reuters) - Amazon.com (NASDAQ:AMZN ) launched a low-cost ecommerce service called Amazon Haul for some customers in the United States giving them a selection of products at $20 or less, the online retailer said on Wednesday, as it looks to take on Chinese firms Shein and PDD Holdings' Temu.

In August, Amazon CEO Andy Jassy said average selling prices were falling as customers were trading down to cheaper items and buying more essential goods.



The company said that the majority of products will be priced $10 or under, with some costing as little as $1.

The new low-cost service will be available within its app and users could search for "Haul", the company said, adding that it will be available for customers when they update their Amazon shopping app next.

Source: Investing.com

Последние публикации
Trump’s victory could ease regulatory path for Musk’s robotaxi, but hurdles remain
14.11.2024 - 12:00
Bilibili delivers Q3 earnings and revenue above market estimates; shares slip
14.11.2024 - 12:00
Nice ADR earnings beat by $0.20, revenue topped estimates
14.11.2024 - 12:00
E.ON Q3 results meet expectations, guidance maintained
14.11.2024 - 12:00
Banca Monte dei Paschi di Siena shares jump after Italy cuts stake in lender
14.11.2024 - 12:00
India stocks lower at close of trade; Nifty 50 down 0.02%
14.11.2024 - 12:00
Exclusive-Blackstone eyes 20% stake in India Haldiram's snacks at $8 billion valuation, sources say
14.11.2024 - 12:00
Barclays upgrades European Value stocks post election, downgrades Growth
14.11.2024 - 12:00
Unilever explores sale of Dutch brands like Unox, Conimex, sources say
14.11.2024 - 12:00
US stock futures edge higher; Powell's speech awaited
14.11.2024 - 12:00
EU says Booking must now comply with Digital Markets Act
14.11.2024 - 12:00
Scor shares rise on strong S2 ratio
14.11.2024 - 12:00
Cisco shares down despite upbeat guidance, better-than-expected Q1 results
14.11.2024 - 11:00
NetEase earnings missed by ¥0.64, revenue fell short of estimates
14.11.2024 - 11:00
Europe's STOXX 600 rises on boost from energy, tech stocks
14.11.2024 - 11:00

© Analytic DC. All Rights Reserved.

new
Анализ рынка Как повлият завтра отчет NFP на курс доллара США?