Amazon edging closer to No. 1 in US apparel
After taking another 1.5% of market share in U.S. apparel sales last year, Amazon is edging closer to becoming the nation’s top apparel retailer, according to a note from Morgan Stanley cited by CBNC. Department stores, in particular Sears Holdings and Macy’s, appear to be bearing the brunt of Amazon’s rise.
Posted by Staff Writer at 12:56 AM
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