3 Top Apparel Stocks to Buy Now
Many apparel retailers withered over the past decade as shoppers shunned malls, clothing sales shifted online, superstores broadened their apparel departments, and fast fashion chains carved up the market. Many aging retailers also struggled to keep pace with shifting consumer tastes.
That decline, which was part of the "retail apocalypse" that crushed many brick-and-mortar retailers, deepened throughout the pandemic as many retailers closed their stores. Well-known brands like J. Crew, Aldo, Brooks Brothers, and Lord & Taylor all joined that long list of bankruptcy protection filings over the past year.
Faced with those secular headwinds, investors might decide to avoid apparel stocks altogether. However, at least three apparel retailers remain resilient, and they could continue generating big gains this year: lululemon athletica (NASDAQ: LULU), Nike (NYSE: NKE), and American Eagle Outfitters (NYSE: AEO).
Source Fool.com
