The luxury industry is set for solid growth this year owing to the rising high-income population groups, increasing demand for luxury fashion products, digital transformation, and prevailing social media influence. Also, the recovering economy and improving job market are boosting customers' confidence.
Amid this backdrop, investors could consider investing in sound fashion & luxury stocks Crocs, Inc. (CROX), PVH Corp. (PVH), and H & M Hennes & Mauritz AB (publ) (HNNMY) for rising global wealth.
