3 Top Stocks in Retail's Fastest-Growing Segment
According to the U.S. Census Bureau, clothing and accessories sales were one of the hardest-hit businesses last year during the start of the pandemic. But with the economy reopening, pent-up consumer demand for some new threads is exploding. Through the first five months of 2021, apparel sales are up 81% year over year, making it retail's fastest-growing segment at the moment.
It's going to be a big year for companies in this space, where three of the hottest stocks right now are lululemon athletica (NASDAQ: LULU), Stitch Fix (NASDAQ: SFIX), and Skechers (NYSE: SKX). Here's why they're a buy.
This company, which started by selling yoga clothes before turning to general athletic wear, is one of the fastest-growing in the clothing and apparel business. Though it lost a little momentum in 2020, not even the pandemic was able to break Lululemon. And now that the company is lapping the effects from lockdowns last year, it's setting a torrid pace of expansion once again.
Source Fool.com
