Wells Fargo Claims Amazon Will Be Crowned No. 1 Retailer of Apparel In US in 2018
Amazon.com, the world’s largest retailer, will take Walmart’s place at the top as it takes the clear title of No. 1 seller of apparel in the U.S. for 2018 according to Wells Fargo. Wells Fargo also expects Amazon’s apparel and footwear gross sales to reach over $30 billion this year.
The e-commerce giant has seen its shares rally over 22 percent in that last six months and 100 percent in the past year under the leadership of chief executive Jeff Bezos. The company even topped $1 trillion in market value for a brief bit.
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