Target is one of Maddy’s favorite retailers. Is it time to get on board the Macy’s train? Sales are expected to soar 39.5% this year but analysts are unsure about fiscal 2023, with sales expected to fall about 1%.īut the focus is on this year, and this holiday season. Macy’s is also cheap, with a forward P/E of just 7.5. Macy’s shares have soared 198% year-to-date but aren’t even back to 5-year highs. Weren’t department stores supposed to be dead? Macy’s recently surprised with an outstanding third quarter and strong guidance for the upcoming holiday season. Will it have its best holiday season ever, or will COVID and supply chain disruptions ruin the party? But Lululemon’s sales are expected to rise 42% this fiscal year and another 17% in fiscal 2023. Lululemon isn’t for value investors, as it trades with a forward P/E of 61. Shares are near all-time highs, up 31% year-to-date. Lululemon is still the first retailer of choice for yoga pants, but women’s tops and men’s clothing are up and coming growing categories. Lululemon, which Tracey owns in her own personal portfolio, continues to be the leader in athleisure.
![youtube tgt i need youtube tgt i need](https://i.ytimg.com/vi/eC_FGIxLrZA/mqdefault.jpg)
And, of course, athleisure, including yoga pants and joggers, remain in high demand.
![youtube tgt i need youtube tgt i need](https://ratedrnb.com/cdn/2014/01/TGT.jpg)
Retailers are reporting that women’s party dresses are one of the hottest categories. Apparel is one of the hottest items as consumers head back-to-work and out to parties for the first time in nearly 2 years.
![youtube tgt i need youtube tgt i need](https://i.ytimg.com/vi/Jcu39WmPjmo/maxresdefault.jpg)
You know the hot names: Lululemon, Macy’s, Target, American Eagle Outfitters and Levi Strauss.īlack Friday and Cyber Monday are fast approaching but many retailers have already launched their holiday sales, including department stores. This week, Tracey talks with Zacks Associate Stock Strategist, and the Editor of Zacks Income Investor Portfolio, Maddy Johnson, about the hot retail industry.