Business Briefs: Amazon, NASA, ApplePosted: Updated:
Walmart's reign as the nation's top apparel retailer could soon be over. A new report from Wells Fargo says Amazon's sales will top Walmart in the coming year. Amazon's apparel and footwear sales topped $30 billion in 2018. The company claims 35 percent of total online apparel sales, which is four times more than its closest competitor.
The Washington Post is reporting NASA is considering slapping advertisements on the side of rockets, like racecars or sports stadiums. It's part of an overall push to boost the NASA brand. A committee has been formed to look into the proposal, but abiding by government ethics regulations is a concern.
Apple is making a big move in its effort to launch its own streaming platform. The company purchased the rights to two family-friendly films – “Wolfwalkers” and “The Elephant Queen.” Apple has previously focused on the development of TV shows. More content is likely to come, as the Wall Street Journal says Apple's allocated $1 billion to content development.