Replacing Walmart, Amazon has emerged as the largest clothing retailer in the United States. A Wells Fargo analyst predicts, Amazan sold about $41 billion worth of apparel and footwear in 2020, accounting for 11-12 per cent of all clothes sold in the United States. The e-tailer’s clothing revenues increased by 20 per cent over Walmart’s last year, and it hopes to sell over $45 billion worth of apparel and footwear this year.
Amazon recorded its best sales during the COVID-19 pandemic, as many Americans stopped shopping indoors. The company’s web services benefited immensely from the work-from-home models last year. On the other hand, Walmart has launched new clothing labels and collaborated with fashion designers in recent years to increase sales. The e-commerce company recently expanded its sportswear offerings and collaborated with a fashion designer to design clothes for Michelle Obama.
