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Oct 22 (Reuters) - Amazon.com AMZN.O is imposing severe price caps on what merchants can charge for their products on a new low-cost storefront ... guitars and $20 for sofas, according to ...

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and $20 for sofas. Amazon plans to charge sellers lower fulfillment fees for items sold through the low-cost storefront. Sellers would be charged between $1.77 and $2.05 to ship a 4-to-8-ounce item.

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The price caps would represent a shift in strategy for Amazon, which has historically not set strict limits for sellers on its platform.