Amazon.com Relaunches Clothing Business
Forrester Research estimates that last year U.S. online sales of clothing, shoes and accessories climbed to $27 billion, an increase of 17%. Amazon's total sales last year were $24.5 billion, with analysts estimating about $6 billion to $8 billion coming from clothing, shoes and accessories.
According to the FT, Amazon said it is recruiting software engineers and graphic designers with high-end fashion experience to revamp its website with "great new features to change the way people shop for clothing." In April, eBay (EBAY) the online marketplace, re-launched its clothing operations under the eBay Fashion brand, responding to the success niche websites had stimulating sales by offering cut-rate prices for high-fashion items as consumer spending waned.