3 Top Apparel Stocks to Buy Now
The coronavirus pandemic put the final nail in the coffin of many apparel retailers, including J.C. Penney, Neiman Marcus, and Lord & Taylor, which plans on liquidating its stores as soon as possible. The average shopping mall is in trouble too because of its ties to clothing stores.
The U.S. Census Bureau says clothing and accessories sales plummeted 89% in April compared to last year, following a 52% plunge in March when many stores were still open.
It's clear being deemed nonessential was damaging, if not fatal, to many apparel retailers, but that doesn't mean investors should avoid all clothing companies. The three stocks below should be on your radar.
Source Fool.com
