×
40 416
Fashion Jobs
JCPENNEY
Financial Planning & Analysis Senior Manager - Stores Finance
Permanent · Plano
JCPENNEY
Senior Business Analyst - Omni-Channel Pricing
Permanent · Plano
JCPENNEY
Manager, Influencer Marketing
Permanent · Plano
JCPENNEY
Technical Project Manager 2 - Merchandise, Design & Sourcing Systems
Permanent · Plano
JCPENNEY
Technical Project Manager - Omnichannel Pricing
Permanent · Plano
VF
Icebreaker: Head of Regional Marketing
Permanent · Denver
VF
Smartwool: E-Commerce/Website, Senior Manager
Permanent · Steamboat Springs
VF
Smartwool: Senior Manager, Global Production
Permanent · Denver
VF
Account Executive b
Permanent · Stratham
VF
Timberland ft Sales Floor Supervisor (Las Americas 330 San Diego,ca)
Permanent · San Diego
VF
Senior Counsel, Ethics & Compliance (Americas & Emea)
Permanent · Denver
VF
Icebreaker: Dtc Merchandise Planner
Permanent · Denver
VF
Senior Analyst, Financial Planning & Analysis And Reporting
Permanent · Denver
VF
Vans Senior Manager, HR
Permanent · Costa Mesa
VF
Smartwool: Senior Manager, Sales Operations
Permanent · Denver
VF
Merchandising Coordinator Ecommerce Vans
Permanent · Costa Mesa
VF
Icebreaker: Executive Office Manager
Permanent · Denver
VF
Vans Wholesale Marketing Manager
Permanent · Costa Mesa
DESIGNER BRANDS
Merchandise Planner
Permanent · Columbus
BUSTLE
Contributing Lifestyle Editor, Romper
Permanent · Remote
ATHLETA
General Manager - Natick
Permanent · Natick
ATHLETA
General Manager - Avon Marketplace
Permanent · Avon

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.