Millennials overwhelmingly choose Amazon to purchase apparel
According to this Money report Millennials are overwhelmingly choosing Amazon as their place to purchase clothing. This alarming trend isn’t good for traditional retailers like Nordstrom’s who continue to struggle with this sought after demographic.
The online marketplace conducted 16.6% of the revenue from 18 to 35-year-old online shoppers last year, followed by Nordstrom (8.1%), Old Navy (5.1%), J. Crew (4.2%) and Victoria’s Secret (3.6%), according to research from digital commerce data organization Slice Intelligence.
Last month, the Wall Street Journal reported that Amazon was going to start selling an original line of inexpensive bras in the U.S. According to the WSJ, the site was the most frequently shopped apparel retailer in a Morgan Stanley AlphaWise survey last fall, with 58% of respondents saying they had purchased clothing on Amazon in the past six months.