LUXEMBOURG -
Jan. 9, 2018 -
PRLog -- Trader chatter is circulating that MY Size, Inc. (MYSZ) could be reaching a deal with Amazon for a potential acquisition or takeover of the company with rumored reports indicating a price target of $16 price per share. Amazon has spent the past few years making plain its intention to get into clothing. The company has introduced thousands of fashion products, launched a half-dozen private labels, and is even coming for underwear. Traditional retailers are already feeling the impact: Last year, Amazon claimed just $3.4 billion of the $200 billion US apparel market, according to data from One Click Retail; but while overall apparel sales grew 3% over 2015, Amazon's were up 25%. Instinet's Simeon Siegel recently suggested that Amazon's apparel sales could reach as high as $85 billion by 2020. Even Siegel's low-end estimate of $45 billion for 2020's apparel sales keeps the e-commerce outfit at the top of the heap.
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