3 Stocks Driving the Future of Retail
As American closets overflow with clothing, how does an apparel retailer convince consumers they need even more? According to a report by relocation company Movinga, 82% of the clothing in Americans' closets has been unworn for a year, and last year, Morgan Stanley wrote that people own so much clothing that a new purchase doesn't even bring with it a feeling of happiness.
Image source: Getty Images.
Against this backdrop, retailers are trying to win customers with discounts and integrated online and in-store experiences, while they work to make their own processes as efficient as possible and cut costs. The picture might look grim for apparel retailers, and you might wonder how any particular one can rise above the rest. Well, The RealReal (NASDAQ: REAL), Stitch Fix (NASDAQ: SFIX), and Target (NYSE: TGT) are three names that are doing just that. By appealing to issues that are most important to today's consumer, they are winning over those shoppers today and driving the retail experiences of tomorrow.
Source Fool.com
