BOOT - Apparel sales take off as American get ready to go back out

The retail sales report for March showed a significant increase in sales of clothes and clothing accessories. The category saw a 18.3% jump on a month-to-month basis and 101% increase against the soft pandemic comparable from a year ago. Department stores saw a 13.0% increase on a month-to-month basis and 25.6% year-over-year gain. With Americans ready to go out again, the setup could be strong for an apparel sector recovery. Sector watch: TJX Companies (TJX), Ross Store (ROST), L Brands (LB), Gap (GPS), American Eagle Outfitters (AEO), Boot Barn (BOOT), Guess (GES), Buckle (BKE), Zumiez (ZUMZ), Kohl's (KSS), Nordstrom (JWN), Macy's (M), Dillard's (DDS). See more details on the retail sales report.

For further details see:

Apparel sales take off as American get ready to go back out