Amazon has outlined the requirements for its upcoming ‘Low-Cost Store’ in the U.S. The store – Amazon’s answer to Temu – will sell unbranded low-priced items directly from warehouses in China. It is an invite-only marketplace without seller fulfillment. All products must be listed under the brand name ‘Generic’ and meet fixed maximum price points (e.g. necklaces below $10). Special needs products like Baby, Kids and Pets, are not allowed. Marketplace Pulse

More News

Allegro introduced a buy box on 1 October, so that the best offer (based on price, shipping speed and keywords) is displayed in a buy box. The winner of the buy box is updated in real time, so it can change several times a day. LinkedIn

Turkish marketplace generalist Hepsiburada has a new owner: Kazakh fintech giant Kaspi.kz has acquired the number 2 in Turkish e-commerce for $1.1 billion. Exciting Commerce

The German DIY chain OBI can be satisfied with the launch of its marketplace: Since March, around 100 sales partners have expanded the OBI range by more than 100,000 additional products – and are now already responsible for a fifth of the (unknown) GMV of OBI.de. ->Live from Marketplace Convention

Platform News

The German plus-size mail-order company Happy Size will reopen its marketplace on December 3. Ten brand partners are on board to start with. ->Live from Marketplace Convention

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Der Beitrag Marketplace Universe News 28.10.2924 – Amazon’s Low-cost Store / Hepsiburada with new owner / Happy Size restarts in December   erschien zuerst auf Marketplace Universe.