Amazon Cuts Fees to Compete with Shein, Temu

Amazon is slashing fees for sellers in Europe, aiming to compete with low-cost rivals like Shein. The e-commerce giant is reducing referral fees for fashion items and plans to extend cuts to other categories. Fulfillment fees are also decreasing, signaling a strategic move to strengthen Amazons position in the European market.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.