Amazon plans to cut its merchant fees on clothing items under $15 to 5% and $15 to $20 items to 10% in January 2024, both down from 17%, to compete with Shein (Spencer Soper/Bloomberg) 06-12-2023

Spencer Soper / Bloomberg:
Amazon plans to cut its merchant fees on clothing items under $15 to 5% and $15 to $20 items to 10% in January 2024, both down from 17%, to compete with Shein — Amazon.com Inc. is sharply cutting fees for merchants selling clothing priced below $20, a sign it’s hunkering down for a price war with Chinese fast-fashion upstart Shein.