As major retailers continue to report earnings this week, investors should be thinking more about the brands filling store shelves. EquitySet CEO Tony Zipparro makes the case for including the top athleisure and apparel brands in your portfolio.
"A lot of what we’re seeing with names like Nike (NKE), Under Armour (UA, UAA), Lululemon (LULU) is it’s really already priced in, right? So if they don’t do well, you’ve seen them fall 20, 30%, whereas yes, there is a chance that they’re losing market share. But a lot of that market share is growing… There’s reports out that right now around $330 billion in athleisure consumer spending. That is supposed to be at a 9.3% compound annual growth rate until 2030, which puts the market nearly double," Zipparro says, believing these brands are "fine" on their valuations.
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