Top 10 fashion stocks to watch in 2026

Fashion companies design, make and sell clothing, footwear and accessories across the full chain from design to retail. The ten names here cover markedly different territory – LVMH Moet Hennessy Louis Vuitton SE ($LVMUY) is a multi-brand luxury conglomerate with fashion, jewellery, wine and spirits under one roof, while Fast Retailing Co., Ltd. ($FRCOY) and Levi Strauss & Co. ($LEVI) are built around high-volume casual wear.

How we built this list: We selected these companies based on their industry and ordered them by market capitalisation. Prices are updated daily, and the list and supporting content are reviewed roughly every quarter. All data is sourced from Stake. This list isn't a recommendation and isn't ordered by suitability.

Past performance is not a reliable indicator of future performance.

Source: Stake market data. Figures in US$. Data updated as of 29 September 2026.

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1. Lvmh Moet Hennessy Louis Vuitton SE ($LVMUY)

Lvmh Moet Hennessy Louis Vuitton SE (LVMUY) share price over the last year: started at US$122.31, ended at US$89.68, a change of −26.7%. Range over the period: high US$152.07, low US$89.68. Source: Stake market data. Past performance is not a reliable indicator of future performance.

Price: US$89.68 · Daily: -1.4% · Market cap: US$221.91B · Sector: Consumer Discretionary · Industry: Textiles & Apparel

The business behind Louis Vuitton, Dom Pérignon and Tiffany, LVMH Moet Hennessy Louis Vuitton SE ($LVMUY) groups luxury brands across fashion, jewellery, beauty and drinks under one French parent. Its fashion and leather goods stable includes Celine, Fendi, Givenchy, Kenzo and Marc Jacobs alongside the flagship Louis Vuitton label. The watches and jewellery division brings in Bulgari, TAG Heuer, Hublot, Chaumet and Fred.

$LVMUY's perfumes and cosmetics segment draws on houses including Christian Dior, Guerlain and Acqua di Parma. The wines and spirits portfolio covers champagne houses Moët & Chandon, Veuve Clicquot Ponsardin and Dom Pérignon, with spirits including cognacs and Glenmorangie whisky. Bernard Arnault serves as CEO.

2. Industria de Diseno Textil SA ($IDEXY)

Industria de Diseno Textil SA (IDEXY) share price over the last year: started at US$13.81, ended at US$15.06, a change of +9.1%. Range over the period: high US$17.14, low US$13.48. Source: Stake market data. Past performance is not a reliable indicator of future performance.

Price: US$15.06 · Daily: -0.7% · Market cap: US$189.02B · Sector: Consumer Discretionary · Industry: Specialty Retail

Industria de Diseno Textil SA ($IDEXY), known as Inditex, runs eight fashion brands out of Spain. Zara is the centrepiece, covering clothing, accessories and homeware; the others include Pull&Bear, Massimo Dutti, Bershka, Stradivarius, Oysho, Zara Home and Uterque. The company handles design, manufacturing, distribution and retail itself, across apparel, footwear and home textiles.

$IDEXY's products reach shoppers in approximately 215 markets via its online platform, alongside physical stores across 95 countries. Oscar Garcia Maceiras Gonzalez leads the business, and the company employs 163,047 people. Pontegadea Inversiones SL holds a controlling stake.

3. FAST RETAILING CO., LTD. ($FRCOY)

FAST RETAILING CO., LTD. (FRCOY) share price over the last year: started at US$30.27, ended at US$43.72, a change of +44.4%. Range over the period: high US$55.39, low US$30.27. Source: Stake market data. Past performance is not a reliable indicator of future performance.

Price: US$43.72 · Daily: 1.4% · Market cap: US$138.96B · Sector: Consumer Discretionary · Industry: Specialty Retail

Most people encounter UNIQLO before they encounter Fast Retailing Co., Ltd. ($FRCOY) – the Japan-based holding company that operates it. $FRCOY runs UNIQLO through two distinct units: one dedicated to the Japanese market and one for overseas markets.

A second brand, GU, covers casual clothing in Japan and overseas. The Global Brands segment adds Theory, PLST, Comptoir des Cotonniers and Princesse Tam.Tam, with Tadashi Yanai at the helm of a group employing 59,522 people.

4. Tapestry ($TPR)

Tapestry (TPR) share price over the last year: started at US$113.22, ended at US$114.12, a change of +0.8%. Range over the period: high US$164.78, low US$98.81. Source: Stake market data. Past performance is not a reliable indicator of future performance.

Price: US$114.12 · Daily: 0.6% · Market cap: US$22.51B · Sector: Consumer Discretionary · Industry: Specialty Retail

Tapestry, Inc. ($TPR) owns two accessories and lifestyle brands – Coach and Kate Spade New York – each aimed at a slightly different corner of the market. Coach is built around handbags, leather goods and lifestyle collections, while Kate Spade New York covers more ground, including jewellery, footwear, ready-to-wear and home décor. $TPR sells through its own retail and outlet stores, branded e-commerce sites and concession shop-in-shops, with wholesale and licensing rounding out the distribution mix. Chief executive Joanne Crevoiserat leads the company, which employs around 16,800 people.

5. Ralph Lauren ($RL)

Ralph Lauren (RL) share price over the last year: started at US$313.56, ended at US$355.92, a change of +13.5%. Range over the period: high US$414.25, low US$309.29. Source: Stake market data. Past performance is not a reliable indicator of future performance.

Price: US$355.92 · Daily: -0.3% · Market cap: US$21.28B · Sector: Consumer Discretionary · Industry: Textiles & Apparel

Ralph Lauren Corporation ($RL) runs across apparel, footwear, accessories, home goods, fragrances and hospitality – a range that stretches from Polo Ralph Lauren basics to the Purple Label collection at the higher end of luxury. The company organises its business across three regions: North America, Europe and Asia.

Hospitality is an unusual piece of the puzzle. $RL operates restaurants including The Polo Bar in New York City and RL Restaurant in Chicago, extending the brand beyond clothing and into physical spaces. With 15,600 employees and Patrice Louvet leading as CEO, the company manages everything from bed and bath lines to eyewear and watches under several distinct brand names.

6. Lululemon ($LULU)

Lululemon (LULU) share price over the last year: started at US$177.93, ended at US$96.87, a change of −45.6%. Range over the period: high US$215.88, low US$95.98. Source: Stake market data. Past performance is not a reliable indicator of future performance.

Price: US$96.87 · Daily: -3.7% · Market cap: US$11.14B · Sector: Consumer Discretionary · Industry: Textiles & Apparel

Lululemon Athletica ($LULU) builds its range around technical athletic apparel – shorts, tops, jackets and accessories engineered for yoga, running and training – along with footwear and fitness-inspired gear sold under a single brand. The company runs its own stores, an e-commerce operation, wholesale channels, outlet locations and a re-commerce programme across four regional markets: the Americas, China Mainland, Asia Pacific and Europe and the Middle East.

With around 39,000 employees and Heidi O'Neill at the helm, $LULU covers markets including the U.S., Canada, Australia, South Korea and China Mainland. Its products sit in the Consumer Discretionary sector, which means demand tends to follow consumer spending confidence rather than basic necessity.

7. Deckers Outdoor ($DECK)

Deckers Outdoor (DECK) share price over the last year: started at US$101.37, ended at US$77.68, a change of −23.4%. Range over the period: high US$120.94, low US$77.51. Source: Stake market data. Past performance is not a reliable indicator of future performance.

Price: US$77.68 · Daily: -0.9% · Market cap: US$10.67B · Sector: Consumer Discretionary · Industry: Textiles & Apparel

Deckers Outdoor ($DECK) runs a portfolio of footwear brands that cover quite different territory. UGG built its name on sheepskin boots and has since extended into apparel and accessories. HOKA targets runners and hikers with performance-focused footwear, while Teva is known for sandals and outdoor shoes. Koolaburra and AHNU round out the stable with casual and everyday styles.

Under chief executive Stefano Caroti, the company employs around 6,000 people and sells through retailers and distributors across domestic and international markets via a wholesale channel. The breadth of brands means $DECK isn't reliant on a single product category – though that also means performance can vary widely across segments depending on which styles are connecting with buyers.

8. On Holding ($ONON)

On Holding (ONON) share price over the last year: started at US$42.35, ended at US$29.55, a change of −30.2%. Range over the period: high US$50.63, low US$26.76. Source: Stake market data. Past performance is not a reliable indicator of future performance.

Price: US$29.55 · Daily: -1.5% · Market cap: US$10.03B · Sector: Consumer Discretionary · Industry: Textiles & Apparel

On Holding AG ($ONON) started with a single idea: a running shoe with a cushioned sole designed to feel like landing on clouds. The Swiss company has since built that concept into a broader range of performance footwear and sports apparel, sold through its own stores, online, and via independent retailers and global distributors.

Martin Hoffmann leads the business, which employs 3,963 people. $ONON sits in the Consumer Discretionary sector, and its focus stays squarely on performance sports – not lifestyle fashion, even if its products have crossed over into everyday wear.

9. Gap ($GAP)

Gap (GAP) share price over the last year: started at US$21.39, ended at US$23.54, a change of +10.1%. Range over the period: high US$29.13, low US$18.35. Source: Stake market data. Past performance is not a reliable indicator of future performance.

Price: US$23.54 · Daily: 2.6% · Market cap: US$8.06B · Sector: Consumer Discretionary · Industry: Specialty Retail

Gap, Inc. ($GAP) runs four distinct apparel brands under one roof: Old Navy, Gap, Banana Republic and Athleta. Old Navy and Gap pitch to a broad, value-conscious market, while Banana Republic sits at the more polished end of casual workwear. Athleta focuses on performance lifestyle clothing for women and girls, available through company-operated stores across the United States and Canada, franchise locations and online.

With 79,000 employees and CEO Rick Dickson at the helm, $GAP sells through a mix of company-operated stores, franchise locations and its own websites. Its omni-channel setup ties the physical and digital sides together – shoppers can buy online and collect in-store, order from a store, or have items shipped direct from a nearby location. The Gap brand itself extends well beyond adult basics, with dedicated lines for children, babies, maternity and fitness wear.

10. Levi Strauss ($LEVI)

Levi Strauss (LEVI) share price over the last year: started at US$23.30, ended at US$19.75, a change of −15.2%. Range over the period: high US$25.53, low US$17.91. Source: Stake market data. Past performance is not a reliable indicator of future performance.

Price: US$19.75 · Daily: -0.3% · Market cap: US$7.62B · Sector: Consumer Discretionary · Industry: Textiles & Apparel

Levi Strauss & Co. ($LEVI) has built its business around denim. The company designs and markets jeans, casual wear and accessories under three brands: Levi's, Levi Strauss Signature, and Beyond Yoga.

Products reach customers across roughly 120 countries through chain retailers, department stores, online platforms and around 3,300 retail stores and shop-in-shops. Outside the U.S., franchised and brand-dedicated stores have traditionally been the primary channel.

$LEVI operates through three geographic segments – Americas, Europe and Asia. Michelle Gass leads the business, which employs around 19,000 people.

Common questions

How do I invest in fashion stocks in New Zealand?

All ten stocks in this list trade on U.S. exchanges, so you'll need a share trading platform that provides access to U.S. markets. You buy shares in individual companies by searching the ticker and placing an order. A few names – $LVMUY, $IDEXY and $FRCOY – are American depositary receipts (ADRs), a structure that allows European and Japanese companies to trade in the U.S. market without a separate local listing.

What are the key risks of fashion stocks?

Some of the key risks include sensitivity to consumer spending: apparel and accessories are discretionary purchases, and demand can soften when household budgets tighten. Brand perception moves quickly in fashion – a label that loses cultural relevance can see revenue fall faster than in more stable sectors. Most of these businesses rely on supply chains across multiple countries. That spread leaves them exposed to production cost shifts and logistical disruption. Because the stocks are priced in USD, movements between the New Zealand dollar and the U.S. dollar affect both the cost of buying shares and the value of any proceeds in NZD.

How do the segments in this list differ from each other?

The list covers luxury conglomerates, accessible retail chains and performance athletic brands – three business models that operate quite differently. Luxury groups like $LVMUY manage portfolios of premium labels where pricing power and brand exclusivity drive revenue, often alongside diversified categories such as jewellery, beauty and spirits. Accessible retailers such as $IDEXY compete on product range and speed, distributing through large store networks and online platforms across many markets. Performance brands focus on technical products for active use, where materials and function matter alongside the label itself.

Disclaimer

Past performance is not a reliable indicator of future performance. When you invest, your capital is at risk. You should consider your own investment objectives, financial situation, and particular needs before making an investment decision. The value of your investments can go down as well as up and you may receive back less than your original investment. As always, do your own research and consider seeking appropriate financial advice before investing.

This is not personal financial advice nor a recommendation to invest in the securities listed. Any advice provided by Stake is of general nature only and does not take into account your specific circumstances. Trading and volume data from the Stake investing platform is for reference purposes only, the investment choices of others may not be appropriate for your needs and is not a reliable indicator of performance.

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