The market sell-off has created some incredible bargains in certain industries. With consumers shifting their spending away from goods to services as inflation heated up last year, top apparel brands saw their sales and profits tumble. But this means the inevitable recovery in retail shopping could send beaten-down apparel stocks back toward their previous highs.

Shares of VF Corp. (NYSE: VFC) and Farfetch (NYSE: FTCH) are currently trading about 74% and 93% off their all-time highs. Here's why investors can confidently pull the trigger on these absurdly cheap stocks.

VF Corp. had a rough outing last year, with revenue through the first nine months of the year down 2%. Elevated inventory levels and slowing retail spending were major headwinds. But this obviously doesn't reflect poorly on VF's brands. The company owns The North Face, Timberland, Vans, JanSport, and the popular streetwear brand Supreme, among others, which are very capable of growing much faster.

Continue reading

Source Fool.com