NEW YORK: Amazon's long shadow is falling on retailers previously thought immune to the threat of e-commerce, forcing US fund managers to rethink their approach to consumer stocks by focusing on companies whose businesses cannot be upended by the online giant.
At the core of the problem: Amazon.com Inc, once thought of as a place to buy books and household goods, is on track to become the largest apparel retailer in the United States by 2017, according to estimates from Cowen and Co, displacing department store operator Macy's Inc.