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Amazon prepares to go head to head with Shein ahead of its IPO

Amazon.com, Inc. is set to reduce fees for merchants selling apparel priced less than 20 US dollars as it prepares for a price war with Chinese fast-fashion giant Shein. Earlier this week Amazon announced plans to cut merchant fees on apparel-related products priced under 15 US dollars to 5 percent from January 2024. Fees on apparel priced...