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Stock impact report

Apparel, Accessories and Luxury Goods Stocks Q2 Teardown: Hanesbrands (NYSE:HBI) Vs The Rest [Yahoo! Finance]

ThredUp Inc. - Class A (TDUP) 
Company Research Source: Yahoo! Finance
Within apparel and accessories, not only do styles change more frequently today than decades past as fads travel through social media and the internet but consumers are also shifting the way they buy their goods, favoring omnichannel and e-commerce experiences. Some apparel, accessories, and luxury goods companies have made concerted efforts to adapt while those who are slower to move may fall behind. The 17 apparel, accessories and luxury goods stocks we track reported a satisfactory Q2. As a group, revenues missed analysts' consensus estimates by 1.4% while next quarter's revenue guidance was 12.6% below. After much suspense, the Federal Reserve cut its policy rate by 50bps (half a percent) in September 2024. This marks the central bank's first easing of monetary policy since 2020 and the end of its most pointed inflation-busting campaign since the 1980s. Inflation had begun to run hot in 2021 post-COVID due to a confluence of factors such as supply chain disruptions, labor sho Show less Read more
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