Times are hard, but for the fashion industry, a slow climb in the market may help bring it back to life!
Just yesterday, retail and other consumer discretionary stocks lead in the market. This gain is one of the highest in four years. When consumer confidence is inching back, more fashion designers are willing to take great chances, introducing new lines and straying away from the safe. Keep an eye out. If the history of the stock market proves anything, it’s that when stocks rise, so do hemlines. Are you ready?
If you’re not sure what discretionary means, think of it this with: discretionary income is the money you have left over after taxes and necessities (rent, mortgage and food). These stock sales come from purchases with your discretionary income.
