Department stores continue their trend of downward decline, with the latest news from financial consultants Cowen that Amazon will overtake Macy's as the top U.S. apparel retailer by 2017. Amazon's lack of physical overhead costs has allowed it to undercut department stores in the price of its offerings, with accessories like handbags and jewelry doing an especially roaring trade. This comes at a time when apparel sales in the U.S. are slumping, declining 1.5% in June alone as part of a general ...
Department stores continue their trend of downward decline, with the latest news from financial consultants Cowen that Amazon will overtake Macy's as the top U.S. apparel retailer by 2017. Amazon's lack of physical overhead costs has allowed it to undercut department stores in the price of its offerings, with accessories like handbags and jewelry doing an especially roaring trade. This comes at a time when apparel sales in the U.S. are slumping, declining 1.5% in June alone as part of a general ...
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