PM EST This story has been updated with a comment from an Amazon rep.Amazon is launching a Shein competitor, according to a new press release.With Shein's skyrocketing sales, it's easy to see why the Bezos-owned big-box retailer aims to compete head-on in the world of low-cost,

E-commerce giant Amazon has unveiled a new digital storefront, Amazon Haul, to offer affordable products for its customers in the US. Currently in beta, the service is seen as the company’s strategic move to compete with fast-fashion retailers such as Shein, Temu and the TikTok Shop.

Amazon has launched a low-cost online storefront featuring electronics, apparel and other products priced at under $20.