Despite a deceleration in guidance that caused a stock pullback, Tapestry remains a strong long-term play. The company is successfully executing a data-driven strategy, pulling back on promotions, raising prices, and acquiring Gen Z customers at an unprecedented rate.
Bullish on Burlington Stores (BURL) because the off-price model is working well, the company has perfected its transition from a coat merchandiser to an off-price retailer, targeting low-income households with great value, and store checks show strong conversion.