- Amazon (NASDAQ:AMZN) keeps steadily taking apparel sales away from department and clothing stores, according to UBS analyst Brian Nowak.
- Nowak estimates that Amazon's market share in apparel rose to 1.5% last year from 1.4% in 2016 to place it second behind only Walmart. Some industry insiders think that Amazon will leverage its Prime membership base into even an higher market share grab this year.
- Not everybody in apparel retail is an Amazon victim. While Sears (SHLD), Macy's (NYSE:M) and J.C. Penney (NYSE:JCP) lost market share in 2017, Ross Stores (NASDAQ:ROST), Gap (NYSE:GPS) and Nordstromg (NYSE:JWN) joined Amazon in carving out a bigger piece of the apparel pie.