Afternoon Coffee: Amazon Expected to Be Top Retailer by 2017, Online Sales Surge Increasing Demand, Prices for U.S. Warehouses


Amazon is on track to become the top U.S. apparel retailer by 2017, overtaking No. 1 retailer Macy’s, according to an analysis by investment bank Cowen. Apparel purchasers on Amazon increased 19% in the first quarter compared to Q1 2015.

More news on Amazon: the online retailer is reportedly expanding the number of private labels it offers on its website for a range of products including food, household items and baby products like diapers.

The growth in U.S. online sales is increasing the demand for, and prices of, warehouse space. Real-estate brokerage firm CBRE Inc. reported warehouse rental prices rose 9.9% in 2015 compared to 2015.

Retail imports fell in the first quarter of the year but are expected to reach new highs during the summer, according to a recent Global Port Tracker report. Retail imports during the first half of 2016 is expected to be up 1.4% from 2015. In August, total twenty-foot equivalent units are expected to reach 1.6 million, making it one of six highest months on record.

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