3 Apparel Stocks to Buy as Nike Hits 52-Week Lows

Despite unfavorable market conditions for the past year, consumer spending has not slowed. Consumer spending has exploded over the pandemic, growing from $484.5 million in 2021 to$535.7 million in 2023, representing a 10.5% increase over two years.Despite positive growth trends, Nike (NYSE:NKE) faced difficulties recently. Nike’s stock price slipped 24% in the past month. Management provided poor sales guidance on its second-quarter earnings call, telling investors to expect sales to decline 10% in the com ...