Nov 13 (Reuters) - Amazon.com ( 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' ( PDD ) Temu.
In August, Amazon ( AMZN ) 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 ( AMZN ) shopping app next.