×
227
Fashion Jobs
MIRRAW.COM
Production Manager | Mirraw
Permanent · MUMBAI
LIFESTYLE BRANDS
Senior Executive - Accounts - Bangalore
Permanent · BENGALURU
LIFESTYLE BRANDS
Area Manager-Projects Execution (Telangana &Amp; Andra Pradesh)-Hyderabad
Permanent · BENGALURU
LIFESTYLE BRANDS
Brand Financial Manager - Bangalore
Permanent · BENGALURU
LIFESTYLE BRANDS
Brand Training Manager, Planet Fashion - Bangalore
Permanent · BENGALURU
HECTOR AND STREAK CONSULTING PVT LTD
Assistant Manager Production - Textile,Fabrics,Plastic,
Permanent · NASHIK
HECTOR AND STREAK CONSULTING PVT LTD
Manager Accounts - For a Manufacturing Company in Mumbai
Permanent · Mumbai
GENIUS CONSULTANTS LIMITED
Warehouse Manager in a Leading Garments Manufacturing Company
Permanent · Kolkata
GENIUS CONSULTANTS LIMITED
Digital Marketing Executive@ Hiring is Going on
Permanent · Kolkata
SUPER FASHION
HR Manager / sr. HR Manager (For Garments Industry)
Permanent · Faridabad
SUPER FASHION
General Manager Production / Production Manager (Knits Garments)
Permanent · Faridabad
CAREERPLUS PLACEMENTS PRIVATE LIMITED
Opening-Head Production - Leather Bag @Chennai
Permanent · Chennai
RELIANCE INDUSTRIES LTD
Cluster Merchant
Permanent · COIMBATORE
KOMAL TEXFAB PVT LTD
Export Manager - Documentation
Permanent · Ahmedabad
HONEYBEEZ CONSULTANCY
Business Development Manager
Permanent · Mumbai
RELIANCE INDUSTRIES LTD
Hiring For Sales Officer : Reliance Retail - Ajio Business
Permanent · Chennai
JOBS TERRITORY
Hiring For Sales Manager |3 to 6 Yrs Exp | Bangalore
Permanent · Bengaluru
JOBS TERRITORY
Hiring For Sales Manager |3 to 6 Yrs Exp | Bangalore
Permanent · Bengaluru
IDEASPOT CONSULTANT
Digital Marketing Manager - Reputed Garments Company
Permanent · Kolkata
IDEASPOT CONSULTANT
Manager HR & ir - Reputed Garments Industry - Kolkata
Permanent · Kolkata
IDEASPOT CONSULTANT
Marketing Manager - Reputed Garments Company - Kolkata
Permanent · Kolkata
KOMAL TEXFAB PVT LTD
HR & Admin Manager / sr.Manager
Permanent · Ahmedabad

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.