Amazon on Wednesday debuted a new online shopping service called Amazon Whole, which experts said could help the e-commerce giant compete with Chinese retailers Tem and Shein. Ta.
The name Amazon Haul is a play on the social media “haul” where people brag about their purchases, selling items for less than $20, or what Amazon calls “incredibly low prices.” The emphasis is on Amazon said in a blog post that the new service will be available on its shopping app and mobile website.
Tim and Shane won It caters to many Gen Z shoppers and other bargain hunters by offering low prices on clothing, electronics, and other items, typically shipped directly from manufacturers in China. At the same time, U.S. consumers are still feeling the pain of inflation, which reached a 40-year high during the pandemic, and as a result many are looking for bargains.
Neil Saunders, managing director at market research firm GlobalData, said: “Amazon Hall is responding to the rise of the low-cost Chinese market and the fact that consumers are increasingly demanding value for money as they stretch their budgets further. We’ll take action,” he said.
He added: “The value retail sector has been a major growth area over the past few years, and while the regular Amazon site has a reputation for good value for money, its range is largely limited to the daily minimum.” This means it is not considered a price,” he added. -Price destination. ”
What is Amazon Hall?
Amazon Haul is an online storefront within the Amazon app that sells low-priced products specifically targeted at consumers who shop at discount retailers like Temu and Shein.
To find Amazon Haul, go to the Amazon app and search for “Haul” in the search bar, or go to www.amazon.com/hour in your browser.
How much does an Amazon Haul product cost?
Amazon says all Amazon Haul products are priced under $20, but most items are priced under $10.
Items available on Amazon Haul on Wednesday included a three-pack of fuzzy socks for $4.99 and a quilted tote bag for $7.99. Products ranged from clothing to household items such as silicone baking mats and cushions.
The company offers discounts on bulk orders, including 5% off on orders over $50 and 10% off on orders over $75.
What is the delivery time for Amazon Haul products?
The company says the products are typically delivered within one to two weeks, which is longer than regular Amazon products.
What do the experts say?
GlobalData’s Sanders noted that Amazon Haul could help retailers appeal to younger shoppers. But it also increases the risk that low-cost shopping sites cannibalize sales from Amazon’s main site, he added.
Still, Sanders said, “It’s better for Amazon to cannibalize its own revenue than for it to cede ground to a competitor.”
