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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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
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