Retail expert Walter Loeb believes that the fashion wars between Walmart and Amazon are heating up:
“Amazon’s entry into the fashion business is a threat that Walmart must meet head-on. Amazon has been busy using famous designers to collaborate on development of its e-commerce site. However, Walmart has not been sitting idle. The company is responding with an overwhelming amount of fashion brands – 600 was a recent count – and, in addition, has about 150 premium brands that are available through its Lord & Taylor association.”
P.S. Walmart leadership has made it clear that the company plans to invest in its private-label offerings. Get in touch with us today to schedule a consultation.