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Stock impact report

Explainer: How new demographics will change apparel retail in future [Yahoo! Finance]

Lands' End, Inc. (LE) 
Last lands' end, inc. earnings: 3/17 06:45 am Check Earnings Report
US:NASDAQ Investor Relations: investors.landsend.com/investor-relations
Company Research Source: Yahoo! Finance
Boomer generation retires and consumers in the Millennial and Gen Z age groups become increasingly prominent. As more members of Gen Z enter the workforce and increase their spending power, apparel brands and retailers will need to respond to a growing focus on environmental sustainability and ethical practices. GlobalData predicts up to $8.6bn in assets will be transferred to Millennial and Gen Z consumers through family businesses and properties in the next ten years, but the big question is how this change in demographics will affect the global apparel sector. Gen Z's sustainability focus Leading apparel retailers such as sports brands Adidas and Nike as well as fashion brands Primark, Shein, Uniqlo and Zara are all likely to benefit from changing demographics in the coming years and the rising prominence of Gen Z, according to GlobalData's report. Thanks to Gen Z's focus on sustainability and social responsibility, sustainable retailer Reformation and secondhand fashion Show less Read more
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