Amazon’s Growing Apparel Sales Causing Concern For Department and Mall Stores
Mar 25, 2017
Amazon’s growing apparel sales causing concern for department and malls across the country
Phoenix, United States - March 25, 2017 /PressCable/ —
Historically, the generally accepted belief was that online retailers posed little risk to brick-and-mortar apparel stores whose fitting rooms and promise of instant gratification represented distinct advantages; or so it was thought. But millennials – those coming of age early in the new century – seem quite willing to delay gratification and to cope with the hassle of returning unwanted merchandise. This valuable demographic group – 18 to 34-year-olds – accounted for 35% of all online apparel purchases in 2016 according to Slice Intelligence, a research firm focused on online commerce.
Slice reports that Amazon, who leads all other apparel retailers in capturing this attractive demographic segment, garnered a 16.6% share of millennial’s 2016 online apparel purchases. That’s more than twice Nordstrom’s 8.1% share; more than three times Old Navy at 5.1%; almost four times that of J.Crew (4.2%); and four and a half times Macy’s 3.6% share. Demonstrating a serious commitment to the apparel sector, Amazon launched seven private-label clothing brands last year alone. Plus, it’s reported that the company will soon launch Amazon-branded bras and has an active-wear line in development.
Even worse for department stores and mall-based apparel retailers, Amazon continues to gain momentum in clothing categories. Cowen & Company, a diversified financial services company, projects that Amazon’s clothing and accessory sales will jump 30% in 2017, while Macy’s sales, for example, will likely decline 4%. This partly explains Macy’s decision to close 68 of its 728 stores in 2017. Barring some game-changing development, it’s likely that online apparel sales will continue to strengthen and Amazon, in particular, will increase its share-of-mind and sales among this next generation of shoppers who exhibit a strong “digital-first” preference.
Even online-only competitors such as eBay have seen fit to modify policies and practices in attempts to thwart Amazon’s growing prowess, fueled in part by its popular Prime membership program. Amazon Prime promises free two-day shipping on many purchases and unlimited streaming of movies and TV shows. This week eBay announced plans to guarantee delivery of twenty million items within three days, many for free. In comparison, Amazon’s Prime membership offers free, 2-day shipping on more than fifty million items.
Notably, two-thirds of eBay’s orders already ship free and more than three in five arrive within three days. Nevertheless, eBay felt the need to beef up its delivery promises, motivated by research indicating that online shoppers rank having a guaranteed delivery date the number-two decision-making criterion, second only to free shipping. eBay will even offer free returns on items that arrive outside the promised delivery window.
This eCommerce news summary is provided by Butcher Block Co. – an online store specializing in cutting boards, kitchen countertops, furniture, equipment and accessories. BBC strives to keep consumers abreast of key trends in online retailing.
Contact Info:
Name: Kathleen Grodsky
Organization: Butcher Block Co.
Address: 10448 N 21st Pl Phoenix, Arizona 85028, United States
Phone: +1-877-845-5597
For more information, please visit https://butcherblockco.com
Source: PressCable
Release ID: 180747
More News
Flydubai co-pilot accused of attacking captain Smit Machchhar identified as Hamam al-Hammami
Hamam al-Hammami, a co-pilot, attacked captain Smit Machchhar on a Flydubai flight to Tel Aviv. The incident, which caused the aircraft to rapidly descend, raised serious security concerns. Al-Hammami had previously been removed from Oman Air due to extremist views and later employed by Flydubai. An investigation is ongoing to uncover the motive and potential terrorist links.
Donald Trump says US to send one-time $90 payment to 20 million seniors enrolled in Medicare
President Donald Trump announced a one-time $90 payment for over 20 million Americans enrolled in Medicare. The payments are intended to assist with monthly medical insurance premiums as the midterm elections approach. Most eligible seniors will receive the payment through direct deposit or checks in early October. Additionally, separate payments of $500 are being distributed to nearly one million Americans who purchased health insurance through the Affordable Care Act.
Hardened narco-trafficking kingpin Navpreet Singh deported from Turkiye: Amit Shah
Amit Shah confirmed the deportation of hardened narco-trafficker Navpreet Singh from Turkiye to India. Singh had obtained Turkish citizenship using a fake identity and trafficked drugs to India. Indian agencies successfully identified and tracked him down, leading to his arrest. Shah highlighted this achievement as a significant milestone for the Modi government against narco-trafficking. The government aims to dismantle all narco-cartels ahead of the December 2029 deadline.
Hardened narco-trafficking kingpin Navpreet Singh deported from Turkiye: Amit Shah
Amit Shah confirmed the deportation of hardened narco-trafficker Navpreet Singh from Turkiye to India. Singh had obtained Turkish citizenship using a fake identity and trafficked drugs to India. Indian agencies successfully identified and tracked him down, leading to his arrest. Shah highlighted this achievement as a significant milestone for the Modi government against narco-trafficking. The government aims to dismantle all narco-cartels ahead of the December 2029 deadline.
Canadian minister to lead 300-member Trade Mission to India this month
Canada's Trade Minister Maninder Sidhu is leading a business delegation of 300 to India this month. This mission aims to explore various sectors for trade opportunities and strengthen bilateral relations. Negotiations for the Comprehensive Economic Partnership Agreement between India and Canada will resume soon. Both countries aim to increase bilateral trade to CAD 70 billion by 2030. Recent discussions show commitment to expediting these negotiations and reaching a conclusion soon.
Canadian minister to lead 300-member Trade Mission to India this month
Canada's Trade Minister Maninder Sidhu is leading a business delegation of 300 to India this month. This mission aims to explore various sectors for trade opportunities and strengthen bilateral relations. Negotiations for the Comprehensive Economic Partnership Agreement between India and Canada will resume soon. Both countries aim to increase bilateral trade to CAD 70 billion by 2030. Recent discussions show commitment to expediting these negotiations and reaching a conclusion soon.
US 'severely disappointed' in lack of G20 consensus on overproduction
The US G20 presidency expressed disappointment after trade ministers failed to reach agreements on excess capacity. A draft statement aimed at addressing this issue saw support from most members but was rejected by a few. China previously objected to calls for eliminating non-market policies and only a few countries took a stand against forced labor. Mexico and Argentina joined the US in issuing a statement regarding forced labor concerns.
Omani co-pilot who stabbed Capt Machchhar inside flydubai flight wanted a wife who wears niqab, stops working after marriage which families rejected until they learned he was a pilot
Deleted tweets reviewed by CNN show Flydubai co-pilot Hamam al-Hammami wanted a wife who would wear a niqab and quit working after marriage, with some families reportedly reversing their refusal once they learned he was a pilot, part of a wider investigation into his background after the alleged cockpit attack on Captain Smit Machchhar.
Pak vs Ind Final Match Highlights: Track live scorecard, live streaming as India chooses to bat first
India won the toss and decided to bat first in the men's cricket final against Pakistan. Both teams have retained their playing XIs from the semifinal victories earlier in the tournament. Pakistan's Sahibzada Farhan will hope to make an impact as India relies on Sanju Samson for runs. Sri Lanka secured the bronze medal earlier by defeating Bangladesh in a decisive third-place playoff.
Asian Games 2026: Pranavi Urs wins gold in women's individual golf tournament; helps secure silver in team event
Indian golfer Pranavi Urs earned the gold medal in women's individual golf tournament at the 2026 Asian Games. She became the first woman from the country to earn the top spot in the podium. The golfer's performance also contributed to the country's women's team to clinch silver in the golf event, adding to the nation's growing medal tally.
India women's golf team of Pranavi, Aditi, Diksha win historic Asian Games silver
India's women's golf team achieved remarkable success by winning a silver medal at the 2026 Asian Games. Pranavi Sharath Urs led the team with an outstanding performance, securing individual gold in the stroke play event. The team finished the tournament at 14-under par, while China took home the gold with a score of 22-under. This achievement marks a historic moment for Indian women's golf at the Asian Games.
YOUR NEWS, OUR NETWORK.
Do you have Great News you want to tell the world?
Be it updates about your business or your community, you can make sure that it’s heard by submitting your story to our network reaching hundreds of news sites across 6 verticals.