Aritzia (ATZ) stock has plunged over 30% in the last month, and over 45% in the last 6 months. Although discretionary retailers are often the first to feel the wrath of macroeconomic headwinds like inflation, and other recessionary hurdles, it seems like the brand has become an integral part of every girl's wardrobe or wish list.
Joey Frenette of the Motley Fool writes:
“I think the market pendulum has “overswung” to the pessimistic side! It doesn't matter how fashionable the wears are this time of year; few
firms have been able to resist the macro headwinds, especially the discretionaries.”
I think they're poised for a comeback year, or at least a solid Q3.
Thoughts?
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