Party Like It's 1999: '90s Fashion Is Making A Comeback — These Stocks Are Benefiting
Portfolio Pulse from Aaron Bry
The resurgence of '90s fashion is benefiting several US-listed companies. Abercrombie & Fitch (ANF) and American Eagle Outfitters (AEO) have reported strong earnings, with ANF hitting an all-time high. Levi Strauss (LEVI) and Steve Madden (SHOO) have also seen significant stock gains. Winmark Corp (WINA) is expected to benefit from increased thrift shopping.
May 31, 2024 | 1:33 pm
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NEUTRAL IMPACT
American Eagle Outfitters reported growing sales, although slightly below analysts' expectations.
AEO reported growing sales, but the growth was slightly below analysts' expectations, leading to a neutral short-term impact on the stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Abercrombie & Fitch has surged to an all-time high due to strong earnings and trendy celebrity endorsements.
ANF reported stronger revenue numbers than ever before, driven by an updated catalog and trendy celebrity endorsements, leading to a surge in stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Levi Strauss has seen a stock increase of more than 70% in the last year, benefiting from the '90s fashion trend.
LEVI has benefited significantly from the resurgence of '90s fashion, with its stock up more than 70% in the last year.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 70
POSITIVE IMPACT
Steve Madden has seen a stock increase of more than 30% in the last year, benefiting from the '90s fashion trend.
SHOO has seen a significant stock increase, up more than 30% in the last year, due to the popularity of '90s fashion.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 60
POSITIVE IMPACT
Winmark Corp, owner of second-hand retailers, could benefit from a rise in thrift shopping.
WINA, which owns second-hand retailers, is expected to benefit from a rise in thrift shopping, as discussed by retail expert Ryan Craver.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50