How These 5 Apparel and Footwear Stocks Differ
Leggings, running shoes, winter boots, bargain racks, and mall jeans: five clothing and shoe stocks that make money in five very different ways, and what each one is doing about it right now.
Five apparel and footwear companies each have distinct business models. Lululemon Athletica sells premium leggings through its own stores and website, but experienced a 4% revenue decline and 9% drop in comparable sales last quarter. On Holding, a Swiss footwear maker, reported a 17.2% Q3 sales increase to $1.12 billion, boosted by a 25% rise in sales through its stores and website.
Deckers Outdoor, which owns Hoka and Ugg brands, grew Hoka sales by 6.8% and Ugg by 3.5%. TJX Companies, owner of TJ Maxx, Marshalls, and HomeGoods, buys and sells brand-name goods at discounted prices, with comparable sales up 4% last quarter. Abercrombie & Fitch, with its Abercrombie and Hollister brands, posted a record $1.3 billion in second-quarter sales, driven by an 8% gain at Abercrombie. The company is expanding into home goods and buying back shares.
Written by urgent.news from Motley Fool's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
