ROST - Apparel stocks head higher on indications not everyone will be crushed by supply chain disruption
Apparel stocks are higher on some increased confidence that certain retailers are prepared for the holiday season and will not be caught short with inventory. Several retail execs and research analysts are pointing to signs that inventory has actually been pulled forward in anticipation of the big crush of demand. Of note, some chains like Five Below(FIVE +3.6%) use East Coast ports, which are not seeing the same slowdown as the West Coast ports. Gainers include Carter's (CRI +3.6%), Chico's FAS (CHS +3.6%), Designer Brands (DBI +3.5%), Victoria's Secret (VSCO +3.0%), Guess (GES +2.7%), Duluth Holdings (DLTH +3.0%), Ross Stores (ROST +1.9%), Buckle (BKE +3.0%), J. Jill (JILL +1.3%) and TJX Companies (TJX +1.1%). See which stock is the biggest gainer in the apparel retail sector this year with a jump of 2000%.
For further details see:
Apparel stocks head higher on indications not everyone will be crushed by supply chain disruption