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    Home»Stocks»Amazon eyes global expansion for its Temu, Shein competitor
    Stocks

    Amazon eyes global expansion for its Temu, Shein competitor

    IDKWYDBy IDKWYDMarch 1, 2025No Comments4 Mins Read
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    Amazon is trying to develop its competitor to Temu and Shein past the U.S.

    The corporate intends to launch its low cost storefront, known as Haul, in Europe later this yr, in keeping with two individuals acquainted with the matter who requested to not be named as a result of the plans are confidential.

    Current job postings point out Amazon is eyeing a wider international rollout. One itemizing acknowledged the corporate is trying to rent a software program growth engineer within the Haul crew to assist with a worldwide launch. The job was posted to Amazon’s web site however has since been removed. Another role is for a senior product supervisor to help with a launch in Mexico. Each openings have been posted earlier this month.

    An Amazon spokesperson mentioned the corporate did not have something to share on its plans for Haul, which have been earlier reported on by The Information.

    “We’re all the time exploring new methods to work with our promoting companions to thrill our clients all over the world with extra choice, decrease costs, and higher comfort,” the spokesperson mentioned in a press release.

    The growth comes months after Haul’s debut. Amazon unveiled the net retailer in November, describing it as an “participating buying expertise that brings lower-priced merchandise into one handy vacation spot.” Haul is just accessible by Amazon’s cellular app, and most gadgets are priced at $20 or much less.

    With Amazon Haul, the corporate is responding to the rise of Temu, Shein and TikTok Store, which all have ties to China, the world’s second-largest financial system. The platforms have rapidly gained popularity within the U.S. over the previous few years by hooking deal-hungry customers with their low costs on clothes, make-up, house items and different gadgets. Like Temu, Haul gives ultra-low-priced merchandise, like $1 eyelash curlers and beauty luggage, or a $2.99 cubic zirconia ring.

    Haul stays in beta for U.S. customers, however Amazon has continued to construct out the service, suggesting the corporate sees it changing into a extra everlasting fixture of its on-line retailer.

    The since-removed job itemizing signifies Amazon CEO Andy Jassy’s S-team, consisting of prime leaders, has set targets this yr to make Haul “Go Huge” within the U.S. and worldwide.

    The launch of Haul in Europe might include some challenges. Amazon would seemingly use plastic packaging for Haul shipments, which might battle with its sustainability targets within the area, in keeping with one of many sources. The corporate in 2023 transitioned to utilizing solely recyclable paper luggage, cardboard envelopes and containers or, in some instances, no added packaging, for deliveries in Europe.

    Amazon is taking a web page from its legacy on-line retailer to monetize Haul in additional methods. The corporate this month began exhibiting sponsored merchandise in some Haul search outcomes, permitting sellers to pay to have sure gadgets seem on the prime of the web page. The corporate has stuffed extra sponsored gadgets into search outcomes on its desktop web site and cellular app over time. They account for the majority of Amazon’s advert income, which totaled $56.2 billion in 2024.

    Amazon has added curated storefronts from way of life influencers throughout the Haul homepage. One options “style picks” from Michaela Delvillar, an influencer with greater than 150,000 followers on TikTok, whose Amazon storefront says she’s a “Prime Creator.”

    Amazon is rising Haul, which depends on items from China-based sellers, even because the apply comes below scrutiny from President Donald Trump. Earlier this month, Trump suspended, then reinstated, the de minimis rule, which permits exporters to ship packages value lower than $800 into the U.S. duty-free.

    The loophole is predicted to be shut once more as soon as the Commerce Division and customs officers put methods in place to course of and acquire tariffs on the thousands and thousands of de minimis packages that circulate into the U.S. each day. A good portion of these packages originate from China.

    Jassy was requested concerning the de minimis scrutiny on Thursday in an interview with Bloomberg Television. He mentioned Amazon has a “sure variety of gadgets which can be shipped in that manner” for Haul, however seemingly fewer than Chinese language e-commerce corporations like Shein and Temu.

    WATCH: Amazon Haul takes on Temu with ultra-low-price items



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