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The lifting of travel bans affecting various nations should further drive apparel companies’ sales ahead of the holiday season. The National Retail Federation (NRF) forecasts holiday retail sales to rise between 8.5% -10.5% during November and December. Moreover, the global apparel market is expected to grow at 7.5% CAGR to $797.30 billion by 2025.
Given this backdrop, we think fundamentally sound apparel retailers Levi Strauss & Co. (LEVI), Under Armour, Inc. (UAA), Capri Holdings Limited (CPRI), and Ralph Lauren Corporation (NYSE:RL) could be solid bets now.
