NetEase science and technology news July 20th news, Amazon announced last quarter earnings before, there have been several brokerages raised the company’s stock rating. Brokerage Cowen analyst team even predicted that by 2017, Amazon will be more than Messi department store to become the largest apparel retailer in the United states.
Cowen analyst published research reported, is expected to 2020, the annual Amazon in U.S. retail clothing turnover will grow from $16 billion in 2015 to $52 billion, the market share rose from 5% to 14%, and in 2017 beyond Messi’s department.
analysts believe that Amazon’s clothing and accessories business will also promote the rise in sales of electronic products and department stores, which accounted for approximately 70% of the total revenue of amazon.
it is worth noting that the Amazon was founded in 1994 until 2002 before entering the clothing market. Data show that over the past six months, clothing sales business Amazon grew faster than WAL-MART and Taghit (Target), an annual growth rate of 29%, far more than WAL-MART negative 2% and 3% in Taghit.
for WAL-MART and Taghit, this is not the worst. Research reported that the first half of 2015, in Taghit and WAL-MART shopping users, 11% of people at the same time in the Amazon to buy clothes, this figure is higher than the first half of last year’s 8%. (Si Yuan)