Revenge Spending is on the Rise: 5 Consumer Stocks That Will Benefit

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These stocks will stand to gain from the retail therapy everyone's doing 🛍

As borders reopen and economies enjoy a sustained rebound, consumer demand is also on the rise.

In particular, spending on discretionary items has also seen a sharp rebound as people splurge on luxury goods such as watches, high-end apparel, and jewellery.Cortina Holdings Limited The former rose by 6% year on year to over 526,000 while the latter increased by 9% year on year to 4,206.Chow Tai Fook, or CTF, is a jewellery group founded in 1929 that sells a wide variety of products and brands such as Hearts on Fire, Enzo, and Monologue.

Prada had approved a digital evolution roadmap last year to develop a cutting-edge information system that will enable the group to gain a stronger competitive edge in distribution and communications.Ralph Lauren designs, markets and distributes premium lifestyle products such as apparel, fragrances, and accessories.Net revenue surged by 50.8% year on year to US$4.7 billion.

 

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