Walmart and Amazon are waging an escalating battle over your closet (WMT, AMAZN)

Both Amazon and Walmart are beefing up their online assortment of premium clothing offerings. Walmart is teaming up with Lord and Taylor and new subsidiaries, while Amazon is drastically increasing its delivery options and private labels. The moves come as the war between the two giants intensifies. Both Walmart and Amazon, the biggest ecommerce players in the US, have turned their focus to clothing asthey court customers online. Walmart on Monday announced its intention to bring Lord & Taylor's...