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, Bloomberg’s Spencer Soper reports. “This will make Amazon way more competitive in the low-price apparel category because a dollar or two can make a big difference,” said Lucas Barnes, a former Amazon executive who founded PNW Web Marketing, a consulting firm.
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