The fashion and luxury retail sector’s growth prospects look promising owing to the growing demand for unique and exclusive products, rise in consumer spending, and growth in affluence.
Given this backdrop, investors could consider adding quality retail stocks such as H & M Hennes & Mauritz AB (publ) (HNNMY), Vera Bradley, Inc. (VRA), and Weyco Group, Inc. (WEYS) to their portfolio. Before diving deeper into the fundamentals of these stocks, let’s discuss what’s shaping the retail industry’s prospects.
