Amazon will dominate the US apparel market by 2020
This story was originally sent to thousands of professionals in the e-commerce industry in this morning's E-COMMERCE INSIDER newsletter. You can join them -- sign up for a RISK FREE trial now »
- It is estimated that the company's apparel business will grow from $16 billion in gross merchandise volume (GMV) in 2015 to $52 billion in GMV in 2020.
- Compared to its most notable competitors, Amazon has 34% more apparel buyers than Target and 2% more than Walmart.
To help accelerate its growth in the apparel market, Amazon has made some investments in fashion recently. The e-commerce giant hired Julie Gilhart, the former fashion director at Barneys New York, as an adviser. Amazon is also opening fashion photography studios in Brooklyn and London.
Here are other stories you need to know from today's E-COMMERCE INSIDER:
- ONLINE SALES IN CHINA GROW AND EXPAND TO RURAL REGIONS
- GOOGLE INTEGRATES BUY BUTTONS AND ENTERS HOME SERVICES MARKET
- JET.COM LAUNCHES TODAY WITH AN EXPENSIVE OPERATIONS MODEL
- COMPANIES IN THE NEWS
Find this article interesting? You can get it delivered to your inbox every weekday morning. Get the jump on your competitors. Try it RISK FREE now »
Disclosure: Jeff Bezos is an investor in Business Insider through hispersonal investment company Bezos Expeditions.
- A couple accidentally shipped their cat in an Amazon return package. It arrived safely 6 days later, hundreds of miles away.
- A centenarian who starts her day with gentle exercise and loves walks shares 5 longevity tips, including staying single
- 2 states where home prices are falling because there are too many houses and not enough buyers
- "To sit and talk in the box...!" Kohli's message to critics as RCB wrecks GT in IPL Match 45
- 7 Nutritious and flavourful tiffin ideas to pack for school
- India's e-commerce market set to skyrocket as the country's digital economy surges to USD 1 Trillion by 2030
- Top 5 places to visit near Rishikesh
- Indian economy remains in bright spot: Ministry of Finance
- JNK India IPO allotment date
- JioCinema New Plans
- Realme Narzo 70 Launched
- Apple Let Loose event
- Elon Musk Apology
- RIL cash flows
- Charlie Munger
- Feedbank IPO allotment
- Tata IPO allotment
- Most generous retirement plans
- Broadcom lays off
- Cibil Score vs Cibil Report
- Birla and Bajaj in top Richest
- Nestle Sept 2023 report
- India Equity Market