Friday, February 16, 2018

Amazon's Top Apparel Victims: Target, Macy's, J.C. Penney

Bloomberg

U.S. shoppers may be ordering more clothing than socks and underwear on Amazon after all.

Amazon.com Inc. is spiriting away share of apparel sales from Target Corp., Macy’s Inc. and J.C. Penney Co., according to a report Thursday by Coresight Research. Amazon Fashion is tied with Target as the second-most-shopped apparel retailer in the U.S., behind Walmart Inc., as measured by number of shoppers, the survey found. More than 20 percent of respondents said they have switched more of their apparel spending to Amazon and away from Macy’s and J.C. Penney. . . . more