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Because consumers are diving into retail shopping again and physical stores are returning to operational full capacity, luxury retailers are expected to generate solid sales growth. With more luxury brands embracing e-commerce platforms to boost their sales amid shifting consumer tastes and preferences, they are expected to benefit significantly.
Given the spending tsunami as the economy ramps up, we think luxury retailers Burberry Group plc (OTC:BURBY), Hugo Boss AG (BOSSY), and Signet Jewelers Limited (SGI) are well-positioned to benefit. So, these stocks could be solid bets now.
