The increase in affluent consumers, along with their rising purchasing power, the increasing influence of social media and digital platforms, and rapid globalization, are driving the growth of the fashion and luxury retail market across the globe.
Given the industry’s tailwinds, investors could consider buying fundamentally sound retail stocks, Dillard's, Inc. (DDS), Caleres, Inc. (CAL), and H & M Hennes & Mauritz AB (publ) (HNNMY), which shows upward momentum for June.
