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Consumer discretionary stocks, and apparel/footwear stocks in particular, were pummeled earlier this year. The shutdowns that followed the initial spike in COVID cases saw the need for new apparel plummet as consumers weren’t leaving their houses. That caused damage to stocks like what you can see below.
Designer Brands (DBI), which was renamed from DSW, continues to operate the DSW shoe retail brand, in addition to some specialty retail businesses that are much smaller. The company relies upon people needing shoes for work and school, but of course, those catalysts have