 Amazon is preparing to launch a discount store to compete with fast fashion retailers like Shine and Timu. The move is part of Amazon's strategy to appeal to budget-conscious shoppers by offering trendy clothing at lower prices. Analysts say the discount store initiative underscores Amazon's ongoing efforts to expand further into the fashion sector. The Dow gained 68 points to close at 39,375. NASDAQ rose 164 and the S&P 500 gained 30.