These stocks could include Nike, Lululemon (LULU), and Starbucks (SBUX). Looking at broader economic data, it’s difficult to separate out luxury apparel and accessories versus clothing necessities, but certain categories that are heavily tilted toward discretionary/luxury spending like cosmetics, perfumes, bath, and nail products have continued to grow in real dollars through February 2023 despite significant inflation in food and housing and higher interest rates. Examples of stocks in the Consumer Discretionary Select Sector SPDR Fund (XLY) include Amazon (AMZN), Home Depot (HD), Nike (NKE), and McDonalds (MCD).