Amazon’s Temu, Shein rival has an unexpected problem
The ambitious new Amazon service is off to a rough start.
Amazon (AMZN) only within the near past raised eyebrows by taking an surprising step to compete with two of its basic threats in retail, Temu and Shien, which are Chinese marketplaces that supply merchandise at vastly low costs.
Fixed with a peek from Omnisend final year, 57% of American customers said they store at Temu, which sells a wide series of merchandise typically priced between $1 and $50. Also, 43% of Individuals said they store at Shein, which costs devices between $5 and $50.
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