NKE Is Out, ANF Is In As Apparel Retailers Streamline Inventory, 11 Stocks Thrive As MAG-7 Fall Apart And More
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Nike Stock Is Out, Abercrombie In, As Apparel Retailers 'Seek Religion' On Inventory
The new world of fast fashion has led to a widening rift among clothing brands and retailers this year, one that has made it challenging for investors to pick the leaders. At least a few have posted big year-to date gains. At the same time, consumers have turned fickle on brand loyalty. That has sent powerhouse brands like Lululemon Athletica (LULU) and Nike (NKE) into steep declines.
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