×
543
Fashion Jobs
STEPHANIE JACKSON RECRUITMENT.
Beauty Account Manager
Permanent · LONDON
RETAIL CONSEIL PARIS
Region HR Manager, UK + Scandinavia, Luxury Fashion
Permanent · LONDON
FOUR SEASONS RECRUITMENT
Art Consultant
Permanent · LONDON
LIBERTY LTD
Sales Coach - Fashion
Permanent · LONDON
HAYS RECRUIMENT
Merchandising Manager - Growing Jewellery Brand
Permanent · LONDON
FOUR SEASONS RECRUITMENT
Ecommerce Manager
Permanent · LONDON
FOUR SEASONS RECRUITMENT
Sales Supervisor
Permanent · LONDON
TOO FACED
Too Faced Business Manager - Boots, Leeds Trinity
Permanent · LEEDS
FOUR SEASONS RECRUITMENT
Merchandising Manager
Permanent · LONDON
360 RESOURCING
Account Manager
Permanent · LONDON
BIMBA Y LOLA
Sales Assistant Brompton Road
Permanent · LONDON
BIMBA Y LOLA
Part Time Sales Assistant Brompton Road
Permanent · LONDON
BIMBA Y LOLA
Sales Assistant Richmond
Permanent · LONDON
NEXT RETAIL LTD
Home Design Consultant
Permanent · CAMBERLEY
NEXT RETAIL LTD
Warehouse Administrator
Permanent · DONCASTER
HAYS RECRUIMENT
E-Commerce Manager
Permanent · LONDON
HAYS RECRUIMENT
Eyewear Account Manager South London
Permanent · LONDON
NEXT RETAIL LTD
Home Design Consultant
Permanent · CARDIFF
NEXT RETAIL LTD
Sales Coordinator - Permanent
Permanent · LONDON
360 RESOURCING
Head Office Recruitment Consultant - Fashion Retail
Permanent · LONDON
360 RESOURCING
Temps Controller / Temps Recruitment Consultant - Fashion Retail
Permanent · LONDON
OUTSIDE THE BOX RECRUITMENT
Production Manager-Shoes & Slg-Luxury- London Salary up to £70k
Permanent · LONDON
Advertisements

Amazon to benefit from acceleration in US apparel store closures

Published
today Sep 25, 2019
Reading time
access_time 2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

With 12,000 stores projected to close in the US by the end of this year, and the apparel and accessories sector expected to suffer particularly heavy casualties, Amazon looks likely to turn the situation in its favor.


Amazon is in a strong position to benefit from accelerating store closures in the US - Reuters

 
As reported by CNBC on Tuesday, Goldman Sachs analyst Heath Terry believes that, as consumer spending strengthens, the store closures will lead shoppers to spend more of their money online.
 
“With apparel & accessories recording the largest share of store closures, we believe Amazon will be a primary beneficiary considering this segment already sees (more than) 20% online penetration,” he explained in a note to clients.

According to Terry, this trend will also be driven by the improved service being offered by an increasing number of e-tailers, including reduced shipping times, an area in which Amazon has made significant headway, notably with its investment of $800 million in its same-day delivery service.

The analyst also highlighted a number of other factors working in favor of pure-play e-commerce retailers, including their greater access to consumer data. According to Terry, thanks to these insights, e-tailers can create “compelling consumer experiences” and are also able to improve efficiency, as they can better adapt their “advertising, product recommendations and dynamic pricing.”
 
In light of the particularly strong impact of store closures on the apparel industry, Terry also highlighted the opportunity that this situation offers for the likes of online styling service Stitch Fix, which is currently expanding its reach to consumers beyond New York and California.

With major retailers including Gap, Victoria's Secret and J.Crew all shuttering stores this year, the analyst blamed the closures on slowing sales and rising occupancy costs, as well as leveraged balance sheets.

Copyright © 2020 FashionNetwork.com All rights reserved.