Amazon.Com is enforcing intense charge caps on what merchants can charge for their merchandise on a brand new low-cost storefront that the e-commerce giant is preparing to release, the Information mentioned on Tuesday. The employer’s price limits consist of $eight for rings, $thirteen for guitars and $20 for sofas, in keeping with the file, which stated messages from Amazon to traders. The messages covered a list of 700 items, it stated. Amazon plans to deliver orders to US customers immediately from a facility in Guangdong, China, the report stated, adding that it was charging dealers decrease success charges for objects offered through the new storefront. “We are continually exploring new approaches to work with our promoting companions to pride our customers with extra choice, lower charges and more comfort,” an Amazon spokesperson told Reuters while contacted for a comment on the record. The enterprise has been running to roll out a low-fee storefront site, according to media reviews earlier this yr, as it rushes to tackle opposition from discount web sites including Temu and Shein, which have exploded in recognition because of their rock-bottom expenses. The price caps, if installed region, might represent a shift in method for Amazon, which has historically now not set strict limits for dealers on its platform. This comes at a time when the employer is seeing signs and symptoms of weakness in retail income. Its online stores sales rose simply 5% within the second quarter, slowing from a 7% increase in the first area.
