×
250
Fashion Jobs
SPORTS DIRECT
Loss Prevention Supervisor - Sports Direct
Permanent · CARRICKMINES
SPORTS DIRECT
Loss Prevention Supervisor - Sports Direct
Permanent · LIMERICK
SPORTS DIRECT
Loss Prevention Supervisor - Sports Direct
Permanent · DUBLIN
PHV
Country vm Manager, Ireland
Permanent · Dublin
CANADA GOOSE
Security Ambassador
Permanent · DUBLIN
BESTSELLER
Jack & Jones Sales Representative
Permanent · Dublin 12
BESTSELLER
Vero Moda Sales Representative
Permanent · Dublin 12
BESTSELLER
Junior Head Office Sales Representative
Permanent · Dublin 12
SPORTS DIRECT
Loss Prevention Supervisor - Sports Direct
Permanent · DUBLIN
SPORTS DIRECT
Loss Prevention Supervisor - Sports Direct
Permanent · NEWBRIDGE
PRIMARK
External Reporting And Compliance Accountant
Permanent · Dublin
PRIMARK
Business Analyst
Permanent · Dublin
PRIMARK
Senior Finance Transformation Manager- Payroll
Permanent · Dublin
PRIMARK
Team Manager Dublin Area
Permanent · Dublin
PRIMARK
Business Analyst - Data & Analytics
Permanent · Dublin
ESTÉE LAUDER
Clinique - Consultant - Brown Thomas - 37.5 Hours
Permanent · Cork
PRIMARK
Cyber Security Operations Engineer
Permanent · Dublin
PRIMARK
Cyber Security Operations Analyst
Permanent · Dublin
PRIMARK
Administrator – Buying, Merchandising And Design
Permanent · Dublin
PRIMARK
Senior Finance Transformation Manager - Source to Pay
Permanent · Dublin
PRIMARK
Associate Product Owner, Epos
Permanent · Dublin
PRIMARK
Finance Business Partner Analyst
Permanent · Dublin
Published
Sep 25, 2019
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Amazon to benefit from acceleration in US apparel store closures

Published
Sep 25, 2019

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 © 2023 FashionNetwork.com All rights reserved.