Amazon launched its discount storefront as an answer to the growing popularity of e-commerce companies Shein and Temu.

"Amazon’s online fashion revenues are now behind both Shein and Walmart," the ECDB report said. Haul, Amazon's new economical online retailer, will keep prices capped at $20. However, most of the products will be less than $10. Amazon's press release cited examples of some of these budget-friendly items:

Amazon has launched a low-cost online storefront featuring electronics, apparel and other products priced at under $20. It's part of the e-commerce giant's efforts to compete with discount retailers t