The trick is not to pay full price, use discounted gift cards, rewards, etc.
I don't do clothing, but I've used similar techniques on many other categories. Plenty of people have large businesses moving goods from retail to Amazon.
What about stuff from Europe - is this mainly an American thing. sorry to be asking about stuff that you probably only know a little bit about, but you obviously know more about it than I do.
I do some of that and some wholesale and try to stay informed on what others are doing.
I know there's a tool called FBA Wizard used by some UK sellers, and tactical arbitrage has UK support as well but I don't know that much.
I have bought stuff from amazon.co.uk and sold on amazon.com when the price difference was large enough in the low 5 figure range, really just a handful of products that I sold a bunch of.