• The Coloradan reports that Target “will begin same-day home delivery in Fort Collins on May 3 through Shipt, the membership-based online marketplace it purchased in December … The company says it plans to hire 800 Shipt shoppers in Fort Collins, Boulder, Colorado Springs and Denver metro area and will roll out the program nationwide by the end of the year.”
Shipt costs $99 a year, the story says, or “$49 if you sign up before the service launches May 3 - and provides free, unlimited delivery on orders over $35.”
• CNBC reports that Morgan Stanley is predicting that Amazon “will become the top player of the U.S. apparel industry in 2018, having gained 1.5 percent of market share last year. The gains will largely be driven by millennials moving dollars away from bricks and mortar, the firm said in a new report.”
Furthermore, “Morgan Stanley is predicting department stores will only comprise about 8 percent of the total U.S. apparel market in 2022, compared with 24 percent in 2006.”
The big losers in the apparel industry in 2017, the report says, were “Sears Holdings, Macy's, Ascena Retail Group, L Brands, Ralph Lauren and Chico’s."
Shipt costs $99 a year, the story says, or “$49 if you sign up before the service launches May 3 - and provides free, unlimited delivery on orders over $35.”
• CNBC reports that Morgan Stanley is predicting that Amazon “will become the top player of the U.S. apparel industry in 2018, having gained 1.5 percent of market share last year. The gains will largely be driven by millennials moving dollars away from bricks and mortar, the firm said in a new report.”
Furthermore, “Morgan Stanley is predicting department stores will only comprise about 8 percent of the total U.S. apparel market in 2022, compared with 24 percent in 2006.”
The big losers in the apparel industry in 2017, the report says, were “Sears Holdings, Macy's, Ascena Retail Group, L Brands, Ralph Lauren and Chico’s."
- KC's View:
