Spencer Soper / Bloomberg:
Amazon plans to cut seller fees on clothing items under $15 to 5% in January 2024 and $15 to $20 items to 10%, down from 17%, in a bid to compete with Shein — Amazon.com Inc. is sharply cutting fees for merchants selling clothing priced below $20, a sign it’s hunkering down for a price war with Chinese fast-fashion upstart Shein.
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The post Amazon plans to cut seller fees on clothing items under $15 to 5% in January 2024 and $15 to $20 items to 10%, down from 17%, in a bid to compete with Shein (Spencer Soper/Bloomberg) appeared first on WorldNewsEra.