Amazon’s Temu, Shein rival has an unexpected problem
The ambitious new Amazon service is off to a rough start.
Amazon (AMZN) recently raised eyebrows by taking an unexpected step to compete with two of its most significant threats in retail, Temu and Shien, which are Chinese marketplaces that offer products at significantly low prices.
According to a survey from Omnisend last year, 57% of American consumers said they shop at Temu, which sells a wide range of products usually priced between $1 and $50. Also, 43% of Americans said they shop at Shein, which prices items between $5 and $50.
