The stocks of these 11 chains have all skyrocketed since the start of the pandemic

EEven as the pandemic continues, with the omicron variant now spreading rapidly in the United States, consumers have spent freely, leading to a retail rebound that has skyrocketed inventories, with eleven chains selling across the country. US listed retailers increasing by more than 1,000% since their pandemic low points in 2020.

The vaccine rollout – over 60% of Americans are now vaccinated against the virus – has allowed people to come together in person again in 2021. The wedding bells have started ringing again this year. Country music began to play in venues across America. Parties were thrown and vacations were taken, fueling a shopping spree as people updated their pandemic-era wardrobes.

“In terms of weddings, this is always good news for our business,” Gina Drosos, CEO of Signet Jewelers, told investors during the company’s latest earnings call, in response to a question about a record 2 , 6 million nuptials expected in 2022. Signet sales jumped 39%. during the twelve months ending Oct. 30 – nearly half of which came from engagements and alliances – but Drosos hinted at an even brighter future, saying “the people most likely to get engaged are people who were just at someone else’s wedding ”.

Investors applaud. Signet shares have risen 1,300% since March 2020, a dramatic gain that isn’t even the best in the industry. That price goes to GameStop, the meme stock market phenomenon that has increased by 5,500% over the same period. Menswear seller Destination XL Group followed with a gain of 2,600%. Big 5 Sporting Goods is up 2,500%.

Party City, whose shares hit a low of 30 cents a share last March as the lockdowns took effect, have climbed nearly 1,900% in the months that followed. Sales, which fell 21% last year, have rebounded as pandemic-related restrictions ease and consumers have had more “ability to celebrate,” CEO Brad Weston said in a statement. Press release.

Boot Barn, which sells cowboy hats, boots and other Western clothing, plans to continue enjoying the return of these country music concerts, as well as rodeos and state fairs, its shares have risen nearly 1,000% from pandemic lows. The company is now targeting a larger share of the Western market and $ 10 billion workwear, and has bet big on stores in recent years, adding more than two dozen locations during the pandemic to boost its store count. to 278.

Meanwhile, many other retailers who have benefited from an increase in time spent at home have shown endurance. Crocs is up 1,200% from its pandemic lows, giving it a market cap of over $ 8 billion, as buyers continue to show their affinity for ugly, but superbly comfortable, rubber clogs. Furniture and home decor retailers like Overstock, LoveSac and The Tile Shop have increased by more than 1,000% as consumers continue to work on overdue home projects.

GameStop, which sparked the stock mania even last year, has held onto its gains as a legion of investors remain optimistic that new management and chairman Ryan Cohen, founder of Chewy.com, will be in. able to reshuffle the ailing brick. -and-mortar and position it for the online era.

Big chains like Amazon, Target and Walmart saw more moderate inventory increases despite record sales. Target’s stock is up 145% from pandemic lows, while Amazon is up 103%. Walmart shares fell further behind, with shares rising just 33%. None come close to the 990% gain for the southern department store chain Dillard’s. It has benefited from a return from buyers, better inventory management and fewer discounts, propelling the stock to a 50-year high and making the secret clan behind the chain one of the wealthiest families in America, with a fortune of some $ 2 billion. .

Not all channels generated gains for investors. Shares of Rent the Runway, Warby Parker, Allbirds and Poshmark are down double-digit since their IPOs earlier this year, with earnings (or lack thereof) taking center stage. Discount online retailer Wish is down 90% since its public debut last December.

Some favorites of the pandemic have also returned to earth. Stitch Fix, the online clothing retailer whose stock rally briefly made founder Katrina Lake a billionaire, is down 82% from its January high. Investors are unsure of the fulcrum of the company under new management, which takes it away from its subscription box roots. Peloton’s stock is also down 74% from its pandemic highs amid concerns over weakening demand for its high-end stationary bike.

Some used car retailers have also experienced a downturn, such as online car dealer Vroom, which has struggled to capitalize on strong consumer demand for new wheels. Shares are down 85% from pandemic highs.


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