J.Crew sets up shop on Amazon with new dedicated online shop [CNBC]
Chico's FAS, Inc. (CHS)
Last chico's fas, inc. earnings: 2/27 07:02 am
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Source: CNBC
Instead of competing against Amazon , J.Crew is setting up shop with them. The e-commerce giant is giving J.Crew Mercantile, a line of less expensive clothes from J.Crew, its own dedicated storefront. The move by Amazon builds on its recent efforts to be known as more of a destination for fashion, having recently partnered with other retailers including Chico's FAS , PVH -owned Calvin Klein and Nike to sell their items online. The company is seen by industry analysts as being a fierce competitor with Walmart , which is likewise trying to bulk up its fashion offerings with brands like Lord & Taylor and Moosejaw selling more premium items on Walmart.com. Starting Wednesday, customers can buy J.Crew's classic clothing on Amazon Fashion, the companies said in a press release about the news. Amazon Prime members will get their standard, free two-day shipping. The move also marks a shift in strategy by J.Crew, which has resisted selling its products through Am
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