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Monday, June 21, 2010

Amazon and eBay to Tap High-End Fashion Markets


Online giants Amazon.com and eBay are both targeting high-end apparel, shoes and accessories retail segments.

The new initiative for Amazon will rival established high-end online fashion sites Yoox and Net-A-Porter, according to a story in the Financial Times (subscription required). It will improve the experience for shoppers with more viewing options for clothing and will offer free returns for clothing items of more than $25, tapping into the success of a similar program from Zappos, the shoe Web site Amazon acquired this past November. The company reportedly said it will be ready to launch the new site by October, in time for the holiday shopping season.


Meanwhile, eBay relaunched its clothing sales under the eBay fashion brand in April, adding videos and comments from fashion stylists and a “find similar items” image-matching feature, the FT reports. It has also launched a “fashion outlet” site in the U.K. and created “storefronts” in the U.S. with retailers including Brooks Brothers and Timberland selling excess and discounted stock directly to buyers.

Here is a link to the story on the Zacks Web site.

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