Amazon heads for fashion dominance as clothes buyers go for the convenience of online clothes shopping
Amazon heads for fashion dominance as clothes buyers go for the convenience of online clothes shopping
A new forecast from the investment banking firm Cowen and Company says Amazon will likely become the nation’s biggest clothing seller next year.
The online retailer is beating out big department-store chains like Macy’s. Consumers are increasingly opting for the convenience of online clothes shopping. The shift has grave implications for traditional apparel retailers.
Stories You Might Like
We’re here to help you navigate this changed world and economy.
Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.
In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.
