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4 Stocks to Buy as Wide-Legged Jeans Gain Popularity

With the gradual demise of skinny jeans, there has been a resurgence in the popularity of loose-fitting and wide-legged jeans as consumers look for more comfortable and relaxing...
4 Stocks to Buy as Wide-Legged Jeans Gain Popularity © Reuters. 4 Stocks to Buy as Wide-Legged Jeans Gain Popularity

With the gradual demise of skinny jeans, there has been a resurgence in the popularity of loose-fitting and wide-legged jeans as consumers look for more comfortable and relaxing styles. This shift in fashion preference should bolster the growth of leading players in this space—Levi Strauss (NYSE:LEVI), The Gap (GPS), Abercrombie & Fitch (ANF), and Guess? (GES). So read on for a closer examination of these stocks’ prospects.Although the denim industry suffered a decline in sales amid the pandemic as consumers limited their discretionary spending, shifting fashion preferences to more relaxed styles and increasing spending on apparel as people update their wardrobes to resume day-to-day outdoor activities have fueled the industry’s recovery. Jeans lovers are shifting their preference to wide-legged jeans due to their versatility and all-purpose comfort features. According to retail specialist Stephanie Wissink’s analysis, google searches for low-rise jeans with wide-legged and flare jeans have surged 91% over the past six months.

With consumers returning to looser and more comfortable styles and denim brands, the demand for wide-legged jeans should increase. The global market for denim jeans is expected to reach $83.2 billion by 2026, registering a 4.7% CAGR. This trend should give the jeans industry a much-needed boost.

Hence, we think it could be wise to bet on popular denim stocks Levi Strauss & Co. (LEVI), The Gap, Inc. (GPS), Abercrombie & Fitch Co. (ANF), and Guess?, Inc. (GES). We expect these companies to generate substantial sales growth in the coming months.

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24-09-2021 15:33:02 (UTC+7)

EUR/USD

1.1737

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Summary

↑ Buy

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EUR/USD

1.1737

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Moving Avg:

Buy (9)

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GBP/USD

1.3712

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AUD/USD

0.7280

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EUR/JPY

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EUR/CHF

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Euro Stoxx 50

4,163.95

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S&P 500

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FTSE 100

7,059.40

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24,130.00

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US Small Cap 2000

2,259.80

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8,862.50

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BASF SE NA O.N.

63.920

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Bayer AG NA

46.50

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Allianz SE VNA O.N.

192.96

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Adidas AG

280.18

-8.80 (-3.05%)

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Deutsche Lufthansa AG

6.223

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Siemens AG Class N

149.13

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Deutsche Bank AG

10.731

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 EUR/USD1.1737↑ Buy
 GBP/USD1.3712Buy
 USD/JPY110.39Buy
 AUD/USD0.7280↑ Buy
 USD/CAD1.2679↑ Sell
 EUR/JPY129.58Buy
 EUR/CHF1.0848Buy
 Gold1,755.45Sell
 Silver22.700↑ Buy
 Copper4.2275Neutral
 Crude Oil WTI73.44↑ Buy
 Brent Oil77.52↑ Buy
 Natural Gas5.053↑ Buy
 US Coffee C193.55Neutral
 Euro Stoxx 504,163.95Buy
 S&P 5004,448.98↑ Sell
 DAX15,544.85↑ Buy
 FTSE 1007,059.40↑ Buy
 Hang Seng24,130.00Buy
 Small Cap 20002,259.80↑ Sell
 IBEX 358,862.50↑ Buy
 BASF63.920↑ Buy
 Bayer46.50Neutral
 Allianz192.96↑ Buy
 Adidas280.18↑ Buy
 Lufthansa6.223↑ Buy
 Siemens AG149.13↑ Buy
 Deutsche Bank AG10.731↑ Buy
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank5,655/ 5,705
(-20/ -20) # 870
SJC HCM5,640/ 5,705
(-30/ -30) # 872
SJC Hanoi5,640/ 5,707
(-30/ -30) # 874
SJC Danang5,640/ 5,707
(-30/ -30) # 874
SJC Nhatrang5,640/ 5,707
(-30/ -30) # 874
SJC Cantho5,640/ 5,707
(-30/ -30) # 874
Cập nhật 24-09-2021 15:33:05
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Cập nhật lúc 15:25:23 24/09/2021
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