Amazon Has Made Big Gains in This Surprising Area
Amazon.com (NASDAQ: AMZN) sells seemingly everything. You can get food, workout gear, pet supplies, books, electronics, and clothing. In fact, while it may seem odd to buy clothes from a retailer that doesn't let you try things on, more people have been doing just that, according to research by Coresight.
The online retailer has gained traction with its private labels, according to a report on the data from RetailDive. "More than 70% of apparel shoppers bought clothing or footwear on Amazon in the past 12 months, up 10 percentage points from last year and almost 25 percentage points from 2018," according to the website.
Amazon makes getting anything delivered very easy. Image source: Amazon.
Source Fool.com
