Amazon mentioned that Bazaar will offer sellers access to tens of millions of customers, ‘hassle-free’ delivery, and levy zero referral fees reportedly.
New Delhi: E-commerce giant Amazon is poised to launch a low-priced fashion and lifestyle vertical called ‘Bazaar’ in India, as per reports. According to a communication sent by the company to its partners, the new vertical, Bazaar, is a special store where no “extra charges” will be imposed on vendors supplying unbranded and “trendy” fashion and lifestyle products, reports TechCrunch.
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“In the communication, the company wrote, ‘Your products will be featured in a special store on Amazon, making them easy for customers to find.’ The items sold via Bazaar will be priced under Rs 600, as noted in the report.
Additionally, the e-commerce giant mentioned in the communication that Bazaar will offer sellers access to tens of millions of customers, ‘hassle-free’ delivery, and levy zero referral fees.
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Meanwhile, net sales for Amazon increased by 14 per cent to $170 billion in the holiday quarter that ended on December 31, 2023, compared with $149.2 billion in the fourth quarter of 2022.
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Amazon CEO Andy Jassy stated that the past holiday season was ‘record-breaking.’ Net income increased to $10.6 billion in the fourth quarter of 2023, compared with $0.3 billion in the fourth quarter of 2022. Amazon Web Services (AWS) segment sales increased by 13 per cent year-over-year to $24.2 billion.
