The following video is part of our "Motley Fool Conversations" series, in which analysts Catherine Baab-Muguira and Lyons George discuss topics across the investing world.
Online giant Amazon has its eye on the clothing and accessory corner of the market -- it acquired Zappos in 2009 for $1 billion, and more recently, it’s launched a flash-sales site called My Habit. In today’s segment, research analysts Catherine and Lyons discuss whether Amazon has finally cracked the $200 billion fashion market and offered up a serious competitor to eBay, Nordstrom, and even Google.
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Report this Comment On June 29, 2012, at 4:58 PM, foolindeed1 wrote:
My Habit is dead on arrival. Prices on Zappos are higher than shoesbuy.com and shoes.com
Amazon stock price is due for a significant correction down.
Report this Comment On June 30, 2012, at 10:48 AM, TMFCatB wrote:
Hi, Foolindeed1. Thanks for commenting. I've got to say I'm a big fan of My Habit and think it's a strong offering that could lead Amazon to greater breakthroughs in clothing/fashion retail.
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