3 Likely Winners in the Apparel Retailing Boom

Demitri Kalogeropoulos, The Motley Fool
·3 min read
3 Likely Winners in the Apparel Retailing Boom

Recent retailing estimates from the U.S. Census Bureau showed that apparel sales jumped in March, rising 18% compared to February and doubling compared to a year earlier. Let's look at why Nike (NYSE: NKE), TJX Companies (NYSE: TJX), and Target (NYSE: TGT) are all set to benefit from this retailing boom. In mid-March, Nike announced a surprise sales slump that helped push the stock lower for 2021 even as the market sets new highs.