2 Top Apparel-Focused Stocks to Watch in November
Apparel sales came swinging back in September after precipitous drops for months at the beginning of the pandemic. The retail-sales plunge wiped out iconic brands like Brooks Brothers and Neiman Marcus, both of which filed for Chapter 11 bankruptcy protection.
But as stores reopened and customers were anxious to get back to spending on clothing, apparel sales in September climbed 11% over August spending. Gap (NYSE: GPS) and Nordstrom (NYSE: JWN) both report quarterly results this month, and they need to see critical improvement.
Source Fool.com
