Saturday, July 25, 2015

Amazon is becoming Macy's biggest threat

The Business Insider reports:
Amazon's apparel business is booming.

The retailer will overtake Macy's as the top apparel retailer in the US by 2017, according to a recent note by Cowen.

Amazon is especially thriving in accessories like handbags and jewelry, according to the analysts at Cowen.

The company is ramping up selections and offering department store brands like Kate Spade, Tommy Hilfiger, and Levi's.


Changes.