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Fashion Industry Leaping Over Recession

Though many other industries are having an extremely tough time, the fashion industry is showing steady growth and, in some cases, record stock prices. I’m assuming that this is due to the fact that styles are fairly awesome nowadays and not because of population growth and the necessity for clothing.

 

Stocks of some of the leading apparel and accessories makers reached records this week as investors continued to take heart that the global economic drought was not drying up demand for fashion goods.

Luxury watchmaker Movado Group Inc. (US:MOV)  and PVH Corp. (US:PVH) , which markets the Calvin Klein and Tommy Hilfiger labels, were the latest to join the growing group. Shares of both companies rallied Tuesday after they reported strong-than-expected quarterly earnings and raised their outlooks. Read More

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