E-commerce giant Amazon is stepping up its game to compete with ultra-low-cost retailers like Temu and Shein. The company has launched a new storefront called "Haul" that offers products at incredibly low prices, often under $10.
This move is a direct response to the growing popularity of these discount retailers, which have attracted millions of customers with their budget-friendly offerings. By launching Haul, Amazon aims to capture a larger share of the value-conscious market.
What do you think about Amazon's new strategy? Will it be enough to compete with the likes of Temu and Shein?