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Chart of the Day: Amazon Clothes for the Win

Samuel A. Kiburz, Senior Vice President, Chief Investment Officer Jul 8, 2025
List ranking the top 15 wealthiest individuals on the planet, showing total net worth, YTD $ change, country of origin and which industry they're in.

Contents

Today’s Chart of the Day, from Wells Fargo in an article by Sherwood, is something to ponder the next time you’re at the mall - if you still go. The chart shows that in 2023, one out of eight, or 13%, of all items of clothing in the US is now purchased on Amazon. 
 
According to Wells Fargo, this accounts for 41.4% of all apparel sold online and most of it being from the in-house brand, Amazon Essentials. The article goes on to say that basic clothing is the second highest category, just behind electronics, and ahead of shoes and books.
 
Shoppers aged 18 to 24 are leading the charge, spending nearly half their available income purchasing apparel online. Amazon wants the other half, too and is launching a new Amazon Luxury division.
 
The future of fashion might not be on a hanger - it might be in your cart.
Chart of the Day

About the Author

Samuel A. Kiburz, Senior Vice President, Chief Investment Officer
Samuel A. Kiburz, Senior Vice President, Chief Investment Officer

Samuel serves as Senior Vice President, Chief Investment Officer for the Crews family of banks. He manages the individual investment holdings of his clients, including individuals, families, foundations, and institutions throughout the State of Florida. Samuel has been involved in banking since 1996 and has more than 20 years experience working in wealth management.

Investments are not a deposit or other obligation of, or guaranteed by, the bank, are not FDIC insured, not insured by any federal government agency, and are subject to investment risks, including possible loss of principal.

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