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The global apparel market is expected to hit $842.7 billion in 2025, registering a 9.8% CAGR. A shift in preference to branded products, aggressive branding by retail apparel operators, and strengthening e-commerce platforms are expected to propel the industry’s growth.
Thus, Wall Street analysts are bullish about the upside potential of several fundamentally sound apparel retailers. For instance, they expect Adidas AG (DE:ADSGN) (ADDYY), Lands’ End, Inc. (LE), and Citi Trends, Inc. (CTRN) to rally by more than 75% in price in the near term.
