Textile-Apparel Stock Outlook: Long-Term Gains in Store

The textile apparel industry is gaining from a significant number of stocks putting up a stellar show. The trend is likely to last as textile-apparel players will continue gaining from their robust brand management initiatives, solid international gains and constant efforts to keep pace with consumers’ evolving preferences.

:: Business Directory – Apparel & Fashion Accessories

To this end, focus on expanding digital capacities is likely to remain a major driver for the textile-apparel stocks that are also practicing stringent cost-containment to boost their performance. Apart from this, consumers’ rising inclination for sports and fitness activities bodes well for various players in this space.

While intense competition remains a headwind, the textile-apparel industry continues to be a bright spot, given the effective strategies, along with a favorable market scenario. Americans are way more confident now, thanks to a robust job market as evident from a fall in the number of people claiming unemployment benefits and jobless rate hovering at an 18-year low. These are likely to propel consumer spending.

Together these factors are likely to keep the textile-apparel stocks on the growth trajectory. Moreover, encouraging views by various players in the space point to a bright future and add to the optimism surrounding it.

Industry Outperforms Shareholder Returns

Constant efforts to enrich consumers’ experiences and optimize costs have been driving the better-than-expected performance of a sizeable number of stocks in the space. This clearly seems to be a treat to investors as evident from shareholder returns in the past year.

:: Products Directory – Apparel Stock

The Zacks Textile – Apparel Industry within the broader Zacks Consumer Discretionary Sector has outperformed both the S&P 500 and its own sector over the past year.