Published on 23 Nov 2022 on Insider Monkey via Yahoo Finance
12 Best Clothing Stocks To Buy Now
In this article, we discuss 12 best clothing stocks to buy now. If you want to see more stocks in this selection, check out 5 Best Clothing Stocks To Buy Now.
According to The Business Research Company, the global apparel market climbed from $551.36 billion in 2021 to $606.19 billion in 2022 at a compound annual growth rate (CAGR) of 9.9%. In the near-term, the Russia-Ukraine war hindered the chances of global economic recovery from the COVID-19 pandemic. The apparel market is now forecasted to grow to $768.26 billion in 2026 at a CAGR of 6.1%.
Despite widespread labor tightness and supply chain constraints, the fashion and apparel industry recorded $180.5 billion in ecommerce revenue in 2021, up from $145 billion in 2020. Growth estimates for fashion e-commerce revenue in 2022 came in at $205 billion. Some of the biggest clothing companies like Gucci, Chanel, and Louis Vuitton have brand values worth billions of dollars, and loyal customers around the world. Western Europe was the largest region in the apparel market in 2021, with Asia Pacific being the second largest.