Where do get your incredible style? If you’re like most North Americans, you prefer to make a fashion statement with finds from the racks at Nordstrom, according to recently released survey results from Market Force Information.
Nordstrom is the overall favorite, but Kohl’s came in second as the most-visited in the seemingly endless quest for casual clothes, business attire and kids’ clothing. North Americans prefer to get active in sportswear from Dick’s Sporting Goods and step out in shoes from DSW.
These rankings should be of interest to investors in retail stocks, just as the U.S. Commerce Department released the news Dec. 12 that retail sales rose 0.7 percent in November, the biggest gain in five months.
Although Nordstrom was far in advance of the pack, for the second year in a row, standing in line after Kohl’s were:
- T.J. Maxx
- Old Navy
The survey of 6,821 shoppers was taken in October in the U.S. and Canada; 60 percent reported household incomes greater than $50,000.
Several of the above stocks are on the list of BetterInvesting Magazine’s Top 100 Companies Held by Our Members, published in April 2013. Kohl’s is No. 116. The rest are TJX Companies, No. 63, which includes T.J. Maxx and Marshall; as well as Target, No. 32.
BetterInvesting is a national nonprofit organization that has been empowering individual investors since 1951. Founded in Detroit, the association (formerly known as National Association of Investors Corporation) was born out of the conviction that anyone can become a successful long-term investor by following commonsense investing practices. BetterInvesting has helped more than 5 million people become better, more informed investors by providing webinars, in-person events, easy-to-use online tools for analyzing stocks and mutual funds, a monthly magazine and a community of volunteers and like-minded investors. For more information about BetterInvesting, visit its website at http://www.betterinvesting.org/investing/landing/openhouse/blog/index.html or call toll free (877) 275-6242.