Amazon unseats Walmart to become the No. 1 apparel retailer in U.S., Wells Fargo says
Publishing timestamp: 2021-03-17 13:38:51
Summary
Amazon has surpassed Walmart to become the top apparel retailer in the U.S. thanks to the pandemic-fueled e-commerce boom. Wells Fargo estimates Amazon's apparel and footwear sales grew by 15% in 2020 to over $41 billion, with a projected increase to over $45 billion in 2021. Despite its dominance, Amazon could still improve its shopping experience by carrying more of the brands that consumers want.
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Keywords: amazon.com inc, united states, e-commerce, macy's inc, business news, technology, apparel retail, wells fargo & co, internet, walmart inc, nike inc,