Several factors, such as rising fashion-conscious consumers with higher disposable incomes, growing social media influence on consumer behavior, and a rapid consumer shift toward online shopping, would drive the luxury fashion industry’s growth and expansion in the long term.
With the industry’s bright prospects in mind, fundamentally sound luxury and fashion stocks J.Jill, Inc. (JILL), Weyco Group, Inc. (WEYS), and Hugo Boss AG (BOSSY) could be solid buys this year for potential gains.
