Temu and TikTok are taking a huge bite of Amazon online retail business, esp when Amzn ripping off its own sellers by freezing their accounts and charging higher fees for promotions and marketing. Big drop in sales and revenues are coming:( AWS will save our retail sector from massive layoffs TC480K Net loss as Amzn retailer : 300k
It is inevitable. Amazon is not going to be able to compete on price. It can only compete on innovation and quality but the company is internally not designed to produce more innovation or to enhance and improve quality.
People don’t buy on Amazon for price. They buy for convenience, fast delivery, and good customer service.
And that advantage of convenience, fast delivery and good customer service is changing because it turns out that Target, Walmart, and Costco can provide the same at higher quality while Amazon requires you to use an expensive Prime subscription. Chinese companies are eating at the price sensitive customers while quality oriented customers are leaning more towards Target and Costco.
Honestly, Amazon has produced such bad culture in tech if it does well, we the engineers will be doomed.
Lol no. Temu is just taking the unprofitable purchases which works out in AMZN's favour.
Please...good luck with customer service from Temu.
Yeah man, a couple of apps that are literally pissing away money are gonna compete with the biggest retail brand in the world with it's own dedicated logistics.
After these loss leader coupons on TikTok ends you can choose to save couple bucks and wait a week or get deliver next day or 2 day. Pass on the Chinese junk
Amazon offers nothing but Chinese junk. Then why shouldn't customers pay less for the same junk? And who cares about Prime? This artificial push to deliver is only for people who don't plan their purchases in advance.
You ever buy anything from Temu? It’s worse than Alibaba, and that’s saying something in and of itself.
I’ll say it once and I’ll say it again…Amazon will only die the day carriers like UPS, FedEx and USPS get their shit together and figure out overnight shipping.
Temu and Tiktok have to hurt Amazon just enough to reduce its scale a little to disrupt the virtuous of low price->more customers->lower prices. Even at such a massive scale, Amazon retail margins are negative. Imagine what will happen if the economies of scale get impacted a little. Entire empire will crumble.
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