financetom
Business
financetom
/
Business
/
Amazon launches low-cost ecommerce service in US to challenge Temu
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Amazon launches low-cost ecommerce service in US to challenge Temu
Nov 13, 2024 8:26 AM

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.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
KeyCorp unit to pay $7.77 million to resolve US fraud claims
KeyCorp unit to pay $7.77 million to resolve US fraud claims
Mar 10, 2026
Jan 7 (Reuters) - A unit of KeyCorp ( KEY ) will pay $7.77 million to resolve ‌allegations it violated the ​federal False Claims Act by ‍submitting fraudulent loans ⁠from ⁠the Paycheck Protection program for ‌forgiveness, the ​U.S. Attorney's office in New Jersey said ⁠on Wednesday. The ‍settlement ​with KeyBank resolves claims related to a branch ‍manager accused of recruiting...
Angle Advisors announces GKN Powder Metallurgy has sold Forecast 3D to ADDMAN Engineering, LLC, a portfolio company of American Industrial Partners
Angle Advisors announces GKN Powder Metallurgy has sold Forecast 3D to ADDMAN Engineering, LLC, a portfolio company of American Industrial Partners
Mar 10, 2026
Birmingham, MI, Jan. 07, 2026 (GLOBE NEWSWIRE) -- Angle Advisors is pleased to announce that Forecast 3D, a division of GKN Powder Metallurgy and a leading additive manufacturer of complex polymer components, has been acquired by ADDMAN Engineering LLC (“ADDMAN”), a portfolio company of American Industrial Partners. The transaction closed on December 31, 2025. Angle Advisors acted as the exclusive...
US seizes Russian-flagged tanker tied to Venezuela as Trump widens oil push
US seizes Russian-flagged tanker tied to Venezuela as Trump widens oil push
Mar 10, 2026
* US boarded tanker that escaped blockade and put up Russian flag * US also seized second Venezuela-linked tanker * Venezuela's main buyer China denounces US 'bullying' * Oil prices fall on anticipated supply increase By Idrees Ali, Phil Stewart and Marianna Parraga WASHINGTON, Jan 7 (Reuters) - The U.S. seized two Venezuela-linked oil tankers in the Atlantic Ocean on...
Market Chatter: AbbVie in Advanced Talks to Acquire Revolution Medicines
Market Chatter: AbbVie in Advanced Talks to Acquire Revolution Medicines
Mar 10, 2026
03:01 PM EST, 01/07/2026 (MT Newswires) -- AbbVie ( ABBV ) is nearing a deal to acquire cancer-drug biotech company Revolution Medicines ( RVMD ) , The Wall Street Journal reported Wednesday, citing people familiar with the matter. Financial terms of a potential deal couldn't be learned, but Revolution could be valued at around $20 billion at a minimum, according...
Copyright 2023-2026 - www.financetom.com All Rights Reserved