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3 Top Apparel Stocks to Buy Now

TheMotleyFool

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3 Top Apparel Stocks to Buy NowPhoto, wide shot, wide-angle lens, Department store, sunset photo at golden hour, photo by Art Wolfe: https://img.midjourneyapi.xyz/temp/57f223bf-67a0-476b-94dd-76010fccb266.png

The advent of videoconferencing this year due to the coronavirus pandemic has led to "business up top but party below" becoming an official fashion trend, but it's also a trend that spells disaster for many apparel companies. According to the U.S. Census Bureau, clothing and apparel retail sales are down 35% and department store sales are down 19% in 2020 compared to 2019.

But not all apparel companies are facing an existential threat due to COVID-19. Three that are worth buying right now are Skechers (NYSE: SKX), lululemon athletica (NASDAQ: LULU), and Target (NYSE: TGT).

Image source: Getty Images.

Source Fool.com

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