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Purchase frequency seems to be picking up, too, as Morgan Stanley found that 36 percent of consumers have purchased clothing on Amazon a "few times" this year vs. 31 percent a year ago. The survey was conducted online in the U.S. with 1,000 adults age 18 and over from April 4 to April 12. There were some alarming stats in the survey that should have executives at Macy's ( M ) , Target ( TGT ) and other bricks-and mortar retailers on edge (even more so than usual). Amazon is selling a ton of apparel. About 47 percent of likely Amazon apparel shoppers expect to buymore clothes on the internet juggernautand fewer clothes at other retailers over the next twelve months. Morgan Stanley believes Amazon's marketshare gains "unsurprisingly" appear to have come straight out of department stores and Target. Cumulatively, the investment bank found that Target, Macy's, Sears Holding Corp. ( SHLD ) , Kohl's ( KS ) S, and J.C. Penney ( JCP ) lost 1.6 percent of market share in 2016, roughly consistent with the 1.9 percent share Amazon is estimated to have gained. Amazon's ability to gain apparel shoppers probably explains its thirst to hawk more private label brands . In January , it was reported that Amazon is preparing to launch an athletic apparel line to compete with the likes of Under Armour ( UA ) , Nike ( NKE ) and Lululemon ( LULU ) .
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The latter was a theme of another big conference in Tehran on Saturday attended by Germany and Iran's central banks. Some Western companies have returned - planemakers Airbus and Boeing and carmakers PeugeotCitroen and Renault - but many more have hung back, fearing Trump will tighten the screws on an already complex set of rules for engaging with Iran. The pace and scale of Western investment is at the heart of a challenge by hardline rivals of pragmatist President Hassan Rouhani, who is seeking re-election in May. Iran's ultimate authority, Supreme Leader Ayatollah Ali Khamenei and his loyalists have criticized Rouhani's policy of rapprochement with the West, arguing the 2015 nuclear accord had not yielded the benefits he promised. "He needs more time... He has to be given a chance," Iran's vice president, Masoumeh Ebtekar, told Reuters in an interview. "There is a lot of enthusiasm about working with Iran now and ... I hope that the American administration wakes up to these realities," she added. The Trump administration said on April 18 it was launching an inter-agency review of whether the lifting of sanctions against Iran was in the United States' national security interests, while acknowledging that Tehran was complying with the deal to rein in its nuclear program. CONFRONTATION RISK EU diplomats voiced concern that a more confrontational stance by the Trump administration could empower Iran's hardliners ahead of the elections - although there is no sign the United States intends to walk away from the deal. EU diplomats say they share U.S.
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