Be sure to check out our detailed stock analysis (click here). The Emperor's New Clothes is a nearly two century old fairy tale by Hans Christian Anderson about an emperor who pays good money for new "magic" clothes, clothes that can supposedly only be seen by wise people. Everyone pretends to see the clothes, as to not seem stupid, with the moral of the story being that sometimes many people are too afraid to criticize something because everyone else thinks it's good.
With that said, is it time to criticize the clothing industry? The major clothing stocks include Ralph Lauren (NYSE:RL), VF (NYSE:VFC) and PVH (NYSE:PVH), and all these stocks have grossly outperformed the market over the past five years.