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Despite rising inflation and supply chain disruptions, improving the labor market, removing travel bans and increasing consumer spending should help the garment industry generate strong sales this holiday season. Therefore, Levi Strauss & Co. (NYSE :), Under Armor (NYSE 🙂 (UAA), Capri Holdings () and Ralph Lauren (RL) can be strong bets. Let’s discuss. Most clothing companies established or strengthened their digital presence amid the COVID-19 pandemic to offset lower pedestrian traffic in their brick stores and declining sales caused by store closures. With strong progress in the area of vaccination and rising consumer spending, the industry has recently seen decent sales growth, despite rising inflation and disruptions in the supply chain. Introducing new fashion clothing should allow clothing companies to grow at this pace to keep pace with changing consumer trends.
The removal of travel bans affecting several nations should further boost sales of clothing companies before the holidays. The National Retail Federation (NRF) forecasts that holiday retail sales will rise by between 8.5% and 10.5% in November and December. In addition, the global clothing market is expected to grow at a CAGR of 7.5% by $ 797.3 trillion by 2025.
Given this background, we believe Levi Strauss & Co. (LEVI), Under Armor, Inc. (UAA), Capri Holdings Limited (CPRI) and Ralph Lauren Corporation (NYSE 🙂 clothing retailers can now be strong bets.
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