City
Epaper

Amazon plans to launch low-priced fashion vertical 'Bazaar' in India

By IANS | Updated: February 21, 2024 13:05 IST

New Delhi, Feb 21 E-commerce giant Amazon is set to launch a low-priced fashion and lifestyle vertical called ...

Open in App

New Delhi, Feb 21 E-commerce giant Amazon is set to launch a low-priced fashion and lifestyle vertical called 'Bazaar' in India.

According to a communication the company has sent 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.

"Your products will be featured in a special store on Amazon, making them easy for customers to find," the company wrote in the communication.

The items sold via Bazaar will be priced under Rs 600, the report noted.

In the communication, the e-commerce giant also mentioned that Bazaar will offer sellers access to tens of millions of customers, "hassle-free" delivery and levy zero referral fee.

Meanwhile, net sales for Amazon increased 14 per cent to $170 billion in the holiday quarter that ended December 31, 2023, compared with $149.2 billion in the fourth quarter of 2022.

Amazon CEO Andy Jassy said 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 13 per cent year-over-year to $24.2 billion.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Open in App

Related Stories

InternationalJaishankar, Japanese Foreign Minister discuss upcoming India-Japan summit on Quad sidelines

BusinessChartered Accountants are architects of financial integrity and partners in national governance : Hardeep Singh Puri

International"India has every right to defend its people against terrorism": EAM Jaishankar at Quad Foreign Ministers' Meeting

CricketBengaluru Stampede: CAT observes RCB "created nuisance" without prior permission, holds franchise "prima facie responsible for gathering"

TennisWimbledon: Sinner starts off with win, Zverev knocked out in a shocker

Business Realted Stories

BusinessIndia Mobile Congress 2025 gains pace with launch of flagship Startup and Developer programs

BusinessELI Scheme gets industry thumbs-up as game-changer for job creation

BusinessGujarat records 11 pc rise in GST collection for June 2025, total monthly tax revenue nears Rs 10,000 crore

BusinessCentre draws roadmap for zero-emission trucking to accelerate green drive

BusinessNMDC expands global footprint with its new office in Dubai, forging global pathways in mining