DBI - Investors rotate into apparel stocks on 'going out' trade

Mall stocks are breaking higher on as a number of industry channels checks show shoppers showing interest again in nicer tops and bottoms over the stay-at-home sweats and hoodies favorites. Notable gainers include Gap ([[GPS]] +7.2%), Guess' ([[GES]] +5.8%), Designer Brands ([[DBI]] +4.9%), Genesco ([[GCO]] +4.1%), Shoe Carnival ([[SCVL]] +4.0%), Urban Outfitters ([[URBN]] +3.4%), Zumiez ([[ZUMZ]] +4.1%), Express ([[EXPR]] +3.0%), Buckle ([[BKE]] +3.4%), Citi Trends ([[CTRN]] +3.2%), Abercrombie & Fitch ([[ANF]] +3.5%), Levi Strauss ([[LEVI]] +2.6%), PVH Corporation ([[PVH]] +2.3%), Kontoor Brands ([[KTB]] +2.1%), Oxford Industries ([[OXM]] +1.8%), American Eagle Outfitters ([[AEO]] +3.2%) and Duluth Holdings ([[DLTH]] +2.6%). The March retail sales report showed the first indication of a notable shift in sentiment of shoppers with the category that includes clothes and clothing accessories rising 18% compared to February and 101% compared to a year ago.

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Investors rotate into apparel stocks on 'going out' trade