Current Standing On Amazon and Walmart
Everyone knows Amazon and Walmart to be the top two brands that supply them with their daily needs. Walmart is great when it comes to both technology and groceries. On the other hand, Amazon is a great brand that supplies people with household items, clothing, etc. It seems as if no store can possibly surpass both Amazon and Walmart, as these two brands are the most used and trusted brands. Little did we know there would end up being a superstore, that passes these two brands with seemingly no problem.
What Is This New Superstore?
This superstore is an online superstore. “A new online shopping platform linked to one of China’s top retailers has quickly become the most downloaded app in the US, surpassing Amazon and Walmart,” according to LatestLy. One may be asking themself, what differentiates this superstore from Amazon or Walmart?
Well, this superstore has everything you could think of. “Temu, which runs an online superstore for virtually everything — from home goods to apparel to electronics,” according to CNN Business. Temu, which is the name of the superstore, has everything that you could possibly need. While Amazon and Walmart are more restricted in what they sell, Temu is a very open company, as aforementioned, they sell every necessity people can think of.
This Superstore Must Sell Items At A Very Expensive Price!
Many may think since this store is selling everything one could need, the prices must be incredibly high. However, Temu’s products are certainly not expensive. “These surprisingly low prices — by Western standards, at least — have drawn comparisons to Shein,” stated Egypt Independent.
Shein is a great online store, that sells everything related to clothing – and at an incredibly low price. The comparison between Temu and Shein is incredible, as Temu sells not only clothing but everything else someone may need. Therefore, it is safe to say that Temu may be used more than Amazon and Walmart for a while to come.
Is There a Con To The Cheap Price?
There are some, however, that believe the price is “too good to be true.” What many consumers want is a product, that is of good quality. Typically, Amazon offers good products, despite the price being quite high. Therefore, that raises many questions about the quality of Temu’s products, and whether or not they are of good quality.
“That said, American consumers might not even be ready to accept some of these price points … There’s always the question, ‘is it too cheap to be good?’” stated CNN Business. Many people assume since the price is cheap, the product must not be great or even good quality. Only time will tell, as they continue to improve their products, and their market each and every day.
Overall Outlook on Temu
Overall, it is incredibly impressive that Temu has skyrocketed only after a year. They have skyrocketed so much, that they passed Amazon, Walmart, and even Target with seemingly no problem. It seems that the fact that they are comparable with Shein and they sell so much, many more people will use Temu in the coming future.
The future of Temu is looking incredibly bright, especially since after one year they have already surpassed three major brands. It can be said with certainty, that in the coming future Temu will certainly expand its market, and millions more will download this application. Temu comes at a great point in time, since inflation is at its highest, and people certainly do not earn enough income to support their financial needs. This application will be a lifesaver.
Written by David Loran Jr
Sources:
CNN Business: New online superstore surpasses Amazon and Walmart to become most downloaded app in US
Egypt Independent: New online superstore surpasses Amazon and Walmart to become most downloaded app in US
LatestLy: China-Linked Online Superstore Temu Surpasses Amazon, Walmart’s Popularity in US, Becomes Most Downloaded App
Featured and Top Image Courtesy of Robert Noordzij’s Flickr Page – Creative Commons License
Second Inset Image Courtesy of Joe Goldberg’s Flickr Page – Creative Commons License
First Inset Image Courtesy of Sheena Robertson
