Get Our Email Newsletter

There’s a New #1 Apparel Retailer in the US

Walmart has been dethroned.

Amazon has surpassed Walmart as the top apparel retailer in the US, according to research by Wells Fargo, reported CNBC. Amazon’s apparel and footwear sales in the US rose approximately 15% in 2020 to more than $41 billion, outdistancing Walmart by 20% to 25%, the report said.

“This represents highly impressive 11%-12% share of all apparel sold in the U.S. and 34%-35% share of all apparel sold online,” Wells Fargo analysts Ike Boruchow and Tom Nikic wrote in a note.

- Digital Partner -

The two analysts estimate that Amazon will surpass $45 billion in apparel/footwear sales in 2021, according to the report.

Wells Fargo noted that Amazon’s massive growth in apparel was fueled by a boom in e-commerce shopping brought on by the pandemic…   CSA

Loss Prevention Magazine updates delivered to your inbox

Get the free daily newsletter read by thousands of loss prevention professionals, security, and retail management from the store level to the c-suite.

What's New

Digital Partners

Become a Digital Partner

Violence in the Workplace

Download this 34-page special report from Loss Prevention Magazine about types and frequency of violent incidents, impacts on employees and customers, effectiveness of tools and training, and much more.

Webinars

View All | Sponsor a Webinar

Whitepapers

View All | Submit a Whitepaper

LP Solutions

View All | Submit Your Content

Loss Prevention Media Logo

Stay up-to-date with our free email newsletter

The trusted newsletter for loss prevention professionals, security and retail management. Get the latest news, best practices, technology updates, management tips, career opportunities and more.

No, thank you.

View our privacy policy.