Although there are concerns regarding high inflation, tight supply chains, and surging COVID-19, this holiday season, apparel sales and consumer spending will be up. Consequently, it is wise to bet on these undervalued apparel retailers PVH (PVH), Hugo Boss (BOSSY), G-III Apparel (GIII), and Tilly’s (TLYS) that possess immense growth potential to offset rising input prices and profit well this holiday season.Reduced demand due to pandemic lockdowns and social distancing restrictions caused apparel sales to decline 19% year-over-year last year. Apparel retailers have been able to recover by establishing strong digital presences, creating new fashion trends, comfortable clothing, and increasing market reach. Global apparel sales are expected to rise at 7.5% to $797.30 million by 2025.

A strong vaccine rate, falling jobless claims and an increase in consumer spending over August led to the National Retail Federation’s (NRF), forecasting holiday retail sales rising between 8.5% and 10.5%.

Given this backdrop and the ongoing volatility in the market, fundamentally-sound and undervalued apparel stocks PVH Corp. (NYSE:), Hugo Boss AG (BOSSY), G-III Apparel Group, Ltd. (NASDAQ:), and Tilly’s, Inc. (TLYS) are expected to profit substantially this holiday season.

Continue reading on StockNews