RENT - Delayed weddings celebrated by retail stocks

Wedding demand could be a key factor driving many retail and apparel stocks higher. According to research firm The Wedding Report, wedding-related products and services are booming in 2022 as many COVID-delayed weddings are booked this year. Per the firm’s data, sales of these products are set to increase by nearly a third to $68 billion. That figure surpasses even pre-pandemic levels. To be sure, inflation could cut into the higher-end retailers that typically capitalize on wedding season. Per BLS data released last week, men's formal wear prices surged 14.5% in March while dresses drove over 10% higher. While those wedding-goers eager to sport luxury offerings from LVMH Moët Hennessy (OTCPK:LVMUY) are unlikely to be deterred, mid-price options may be more greatly impacted. As such, Jefferies recently wrote that resellers could be in a prime position to benefit. "Macro conditions could prove a further tailwind to the resale market, as

For further details see:

Delayed weddings celebrated by retail stocks