The luxury goods market is expected to expand as disposable income rises, social media influence grows, and demand for high-end products and status symbols increases. Therefore, it could be wise to own fundamentally strong luxury stocks Burberry Group plc (BURBY), Lands’ End, Inc. (LE) and Ross Stores, Inc. (ROST).
Before delving deeper into their fundamentals, let’s discuss what’s happening in the luxury industry.
