When it comes to shopping, people want their experiences to be special. They don’t just want to buy a product; they want to buy something that provides a luxury experience and not just the functional value of the product. This is why investing in luxury goods stocks has become popular among investors. Luxury products have grown in popularity over the past few decades and many consumers are willing to pay more for products made with high quality materials or special features. Therefore, companies that specialize in selling luxury goods to high-end customers can be great investments for those looking for stable, profitable stocks that are also worth a lot of money.
Clothing group G-III (GIII)
G-III Apparel Group is a leading manufacturer, distributor and retailer of apparel and accessories. The company has a strong presence in the women’s and men’s apparel markets through its ownership of heritage brands such as Anne Klein, Calvin Klein and Tommy Hilfiger, as well as the contemporary brands segment, which includes trademark rights like Izod and Hickey Freeman. G-III also owns and operates the Liz Claiborne and Pierre Balmain brands through special purpose entities. G-III has a market cap of $5.91 billion. The company has an average annual revenue growth rate of 12.5% over five years. It also has a five-year CAGR of 14.9%.
PVH Corp. (HVP)
PVH Corp. designs, produces and sells clothing, footwear and accessories under various brands. The Company’s brands include Calvin Klein, Tommy Hilfiger, IZOD, Arrow and Speedo. It also owns the brands TUMI, Van Heusen, IZOD and True Religion. In addition, PVH owns the licensed brands Jennie-O, Karl Lagerfeld, Chaps and PVH Select. PVH has a market cap of $21.46 billion. The company has an average annual revenue growth rate of 6.2% over five years. It also has a five-year CAGR of 14.9%.
Nike, Inc. (NKE)
Nike, Inc. manufactures and sells athletic footwear, apparel and accessories. The company is present in more than 50 countries around the world. Its segments include Domestic Apparel and Men’s Footwear, Domestic Footwear, International Apparel, Men’s Footwear and International Footwear. Nike has a market cap of $115.97 billion. The company has an average annual revenue growth rate of 10.7% over five years. It also has a five-year CAGR of 13.1%.
Columbia Sportswear Company (COLM)
Columbia Sportswear Company designs, develops and markets apparel, footwear, accessories and other outdoor products. Columbia’s products are sold to consumers through a wide variety of retail outlets, including Columbia branded stores, specialty stores, department stores and websites. Columbia has a market cap of $10.59 billion. The company has an average annual revenue growth rate of 14.6% over five years. It also has a five-year CAGR of 15.3%.
As you can see, a wide variety of companies produce luxury goods. Therefore, investors are not limited to a few select stocks. However, it is also important to note that luxury goods stocks can be volatile and risky, so only an experienced investor should consider investing in them.