The Coronavirus crisis has hit the apparel industry hard. Less consumer demand, Less discretionary spending, and online orders resulting in stores remaining closed continue to take their toll on the apparel manufactures.
Apparel Manufacturing industry has decline over -39.60% year to date and over 3.97% in last three months. Last month was especially good with 10.78% in green with average volume of 54.20M.
But for April 2020 retail spending plunged to a record 16.4%, according to data from the U.S. Census Bureau. Clothing stores were hit the hardest as sales in the industry tumbled nearly 79% compared with March 2020.
The lockdown in most countries was imposed toward the end of March and now things are opening up.The top three stock leading these gains in recent month are SQBG with 39.47% price change while LAKE saw a surge of 4.66%. PVH Corp. (PVH) moved up 2.29% to $51.27.
Sequential Brands Group Inc. (NASDAQ:SQBG)
Sequential Brands Group Inc. (SQBG) is one of the hot stock today traded 2077268 shares today. The company has invested millions building it presences, racking up $514.27 million of debt in the process.
SQBG stock is currently trading at $7.25 with 1st support level on of $4.81 and the 1st upside resistance level of SQBG is $5.90. SQBG has performed -44.68% over the past 4 weeks, stock has performed -31.58% over the past 3 months and Sequential Brands Group Inc. has shown -70.63% over the past 1 year.
Lakeland Industries Inc. (NASDAQ:LAKE)
Lakeland Industries Inc. grow 120.38% this year to reach $190.44 million of market cap.
LAKE shares are trading at $24.22 at the time writing with 1st support level on of $22.49 and the 1st upside resistance level of LAKE is $23.62. LAKE has performed -0.98% over the past 4 weeks, stock has performed 53.75% over the past 3 months while LAKE stock fifty day moving average is $21.96 and LAKE 200-day moving average is $16.49.
Other notable stocks in apparel manufacturing industry were CPRI with weekly loss of -4.60%, GOOS saw 2.39% and LEVI with 1.50% in same period.
PVH Corp. (NYSE:PVH)
PVH Corp. (PVH) traded at $51.27 at the time of writing on 07/27/20, making an upward move of 2.29%. PVH Corp. decrease -43.88% this year to reach $3.62 billion of market cap.
PVH shares has 1st support level on of $49.12 and the 1st upside resistance level of PVH is $50.66. PVH has performed 6.91% over the past 4 weeks, stock has performed 5.21% over the past 3 months while PVH stock fifty day moving average is $49.54 and PVH 200-day moving average is $57.69.
Other notable stocks in apparel manufacturing industry were CPRI with weekly loss of -4.60%, GOOS saw 2.39% and LEVI with 1.50% in same period.
