Quote from Ndubuisi Ekekwe on December 7, 2023, 10:15 AM

Amazing is having a fight with Shein.

Amazon is cutting seller fees for clothing priced under $20, Bloomberg reports, in what it says could be a move against China's fast-fashion giant Shein. Beginning in January, seller fees on clothing cheaper than $15 will drop to 5% and items priced from $15 to $20 will drop to 10%; both fees have been 17%. Shein shifted focus this past summer from its branded apparel to an Amazon-like online marketplace using third-party vendors to sell a vast variety of products.

• Insider Intelligence reports that Amazon dominates e-commerce in the United States with 33% of all online sales, six times more than its closest competitor, Walmart.
• In 2024, Amazon also plans to introduce a "low inventory-level fee" to encourage sellers to maintain higher inventories.