COVID-19 vaccinations are a big catalyst in the near term for apparel stocks. As more people get vaccinated and the economy starts to get back to normal, the demand for apparel from those who want to get back out and socialize has the potential to accelerate. But some apparel brands are better positioned to take advantage of this than others.
The assumption would be that shoppers are going to return to brick-and-mortar stores, but I believe the best apparel stocks to buy right now are actually the companies that exclusively serve online shoppers. The reason is that online apparel spending is growing much faster than shopping in stores. One estimate calls for online spending to make up nearly half of the total apparel industry by 2025.
That's why Stitch Fix (NASDAQ: SFIX) and Revolve Group (NYSE: RVLV) are two stocks to buy before everyone is vaccinated. Let me explain.
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2 Stocks to Buy Before Everyone Is Vaccinated