Amazon is Becoming Biggest Threat to Macy's
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Amazon's apparel business is booming. The retailer will overtake Macy's as the top apparel retailer in the U.S. by 2017, according to a recent note by Cowen. Amazon is especially thriving in accessories like handbags and jewelry, according to the analysts at Cowen.
The company is ramping up selections and offering department store brands, like Kate Spade, Tommy Hilfiger and Levi's. Because Amazon doesn't have to pay overhead costs for retail stores, it can often afford to offer apparel for lower prices.
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