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MarketWatch reports that there is an analysis out there suggesting that Amazon “may already be the largest apparel retailer and could still grow to sales between $45 billion and $85 billion by fiscal 2020.”

According to the story, analyst Instinet is saying that Amazon’s “overall apparel and accessories sales at above $1 trillion with ‘above average’ online penetration and “leading gross margin” compared with other categories.”

The story goes on: “Right now, Amazon is ‘best with basics,’ but is trying a number of strategies to see what sticks, including a push into private labels, which analysts estimate could drive $1.6 billion in gross profit, and Prime Wardrobe, which lets shoppers try on clothes before committing to the purchase. And Amazon has, increasingly, a universal appeal, Instinet said.”
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