Amazon Prepares for Push Onto Blue Apron's Turf

Last week we received the disappointing June retail sales report, which pointed toward another reduction in gross domestic product (GDP) expectations for the second quarter and highlighted the ongoing pain for bricks-and-mortar retailers, especially department stores such as Macy's Inc. (M) and JC Penney Co. (JCP) . Digging into the report, we noticed month-over-month declines almost across the board, but one of the larger drops was in -- you guessed it -- department stores, which fell 3.9% year over year. By comparison, sales of nonstore retailers -- code for e-commerce retailers -- such as Inc. (AMZN) rose 9.7% year over year. (Amazon is part of the Trifecta Stocks portfolio.)

Besides reporting on June sales, the latest retail report recaps second-quarter data, which was no better for the bricks-and-mortar crowd. While nonstore retailer sales rose more than 10% in the quarter year over year, sales at department stores fell more than 10% and sales in the sporting goods, hobby, book and music store category dropped nearly 6%. Keep in mind that Nike Inc. (NKE) only recently partnered with Amazon to leverage its second-to-none logistics as Nike looks to reduce its reliance on third-party retailers such as Foot Locker Inc. (FL) and grow its higher-margin Direct-to-Consumer business. It's yet another reason to expect declining mall traffic in the coming months, especially if more branded apparel companies look to partner with Amazon --and yes, we expect that to happen. ...537 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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