If you like buying heavily discounted goods on apps like Temu or Shein, you'll be interested to hear that a new competitor has entered the low-cost shopping arena: Amazon . But, you won't get the usual fast shipping.

Amazon has launched a low-cost online storefront featuring electronics, apparel and other products priced at under $20.

"This effort seems to have the same challenges," she said of Amazon Haul. Haul marks the platform's long-awaited foray into the sale cheaper goods with lengthier shipping times - a business model which has spurred the rise of Temu and Shein.

Amazon is rolling out a new discount storefront, dubbed Haul, which will offer low-cost products in direct competition with rivals (and Gen Z favorites) Temu and Shein. The Haul store is currently in beta release,