Investors eyeing opportunities in the Apparel industry's dynamic landscape should consider well-positioned stocks. Companies showcasing a superior product strategy, advanced omnichannel capabilities, prudent capital investments and an extensive customer reach are primed for success in 2024.Why Apparel Stocks?The Apparel industry is gearing up for a year of substantial growth, driven by the confluence of factors that are transforming the landscape. The increasing millennial population, coupled with rising di ...

Key PointsThe retail industry lags the broader market, although Walmart and Costco are among the biggest consumer staples gainers in January.Consumer spending has been strong, with retailers Lululemon, Abercrombie & Fitch, Urban Outfitters and American Eagle Outfitters among those forecasting robust EPS gains.Analysts see retail sales growing in 2024 but also expect consumers to cut back on spending somewhat. 5 stocks we like better than Abercrombie & FitchRetailers and retail-related stocks are among the t ...

Americans have once again started spending freely as inflationary pressures are steadily easing, making them more confident about the economy. Consumers cut down on spending on expensive goods and stuck to buying necessities for most of 2023 as rising costs continued to hurt their expenses.However, the last few months have seen people spending on expensive items and goods again. The apparel market, which took a hit during this time, also appears to be bouncing back. As retail sales got a major boost during ...

Here are three stocks with buy rank and strong income characteristics for investors to consider today, January 23:Steelcase Inc. (SCS) : This furniture and architectural products company has witnessed the Zacks Consensus Estimate for its current year earnings increasing 5.4% the last 60 days.This Zacks Rank #1 company has a dividend yield of 3.2%, compared with the industry average of 3.1%.Honda Motor Co., Ltd. (HMC) : This automobile company has witnessed the Zacks Consensus Estimate for its current year e ...

In a promising turn of events, January has seen a remarkable surge in U.S. consumer sentiment, reaching its highest level in two and a half years. The University of Michigan's recent report indicates an upswing in optimism. This surge in sentiment comes hand in hand with a decline in inflation expectations, signaling a potential shift in the economic landscape.The University of Michigan's preliminary reading on the overall index of consumer sentiment for January stands at an impressive 78.8, the highest sin ...

Against the backdrop of inflation and high-interest rate concerns, U.S. consumers showcased remarkable resilience during the 2023 holiday season. Data released by the National Retail Federation (“NRF”) reveals a noteworthy 3.8% surge in sales, reaching a record-breaking $964.4 billion. This impressive performance aligns seamlessly with the NRF’s forecast, indicating a rise between 3% and 4%.Despite tighter budgets, Americans embraced the festive season, capitalizing on substantial discounts available across ...

Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers.Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the ...

American Eagle Outfitters, Inc. (AEO) appears a promising pick now, thanks to its digital endeavors and other robust strategies including the Real Power Real Growth Plan. The company is gaining from brand strength and solid demand for its products that resonate well with customers. Undoubtedly, management is focused on creating a trend-right merchandise assortment, deepening relations with customers via marketing, enhancing the digital commerce agenda and efficiently controlling expenses.Recently, the compa ...

American Eagle Outfitters, Inc. (AEO) is doing well on the bourses, thanks to its digital endeavors and other robust strategies including the Real Power Real Growth Plan. The company is gaining from brand strength and solid demand for its products that resonate well with customers. Buoyed by such tailwinds, management has announced sturdy holiday results. It raised the view for the fourth quarter of fiscal 2023 on record holiday sales and robust merchandise margins.The company said that fourth quarter-to-da ...

Retail sales picked up to close out 2023 on a Fed outlook that projected at least three interest rate cuts in 2024 and the holiday spirit, which ensured that consumers spent on staples and discretionaries.The retail sales numbers for November released in December painted a rosy picture. Per the Commerce Department, retail sales rose 0.3% from October to $705.7 billion, widely surpassing the consensus estimate of 0.1%. The October number was revised up to a 0.2% loss from the previously reported 0.1% loss.In ...