Amazon launched its discount webstore to take on Temu and Shein. Called "Amazon Haul," the storefront is accessible through the company's mobile app, and it promises "crazy low prices" on a plethora of goods.

Amazon Haul — whose name is a play on social media "hauls," where people show off their purchases — focuses on selling items for $20 or less, or what Amazon calls "crazy low prices." In a blog post, Amazon said the new service is available in its shopping app and mobile website.

Amazon.com Inc. has launched an online storefront designed to compete with Temu, the low-cost shopping app that gained traction with shoppers who trade longer shipping times for rock-bottom prices.