Summary: Unfortunately, investors cannot buy Skims stock yet, as the company remains privately owned. However, you can invest in its competitors in the e-commerce industry via a reputable brokerage platform like eToro.
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About Skims
The company has become known for promoting body positivity and inclusivity, with a particular focus on inclusive sizing. Due to influencer marketing and extensive social media coverage, e.g., partnership with the NBA and WNBA, Skims has managed to attract a significant following among Gen Z, which allows it to tap into an emerging audience.
Skims IPO
As of February 2024. Skims has yet to go public. However, experts have spotted signs of pre-IPO activity, signaling that the company is likely to go public sometime this year. For example, Skims recently had its Series C funding round, usually the last round of venture capital financing before a company’s IPO.
Furthermore, Skims has hired Andy Muir, formerly associated with Nike, as its chief financial officer: appointing a CFO frequently heralds an approaching IPO.
How to buy Skims stock: Step-by-step
Since it has yet to become a public company, you cannot buy Skims stock. You can, however, invest in its competitors in the e-commerce industry. Simply follow the steps of this straightforward process:
Step 1: Choose a broker to buy Skims stock
To prepare to buy Skims stock, you must first enter the stock market by employing a third-party investing service. The simplest method is using an online brokerage.
To buy Skims stock once it goes public, we recommend you consider eToro:
- Commission-free stock trading;
- Access to over 2,000 stocks from 17 different exchanges;
- The option to purchase fractional shares;
- Charting tools;
- A user-friendly platform that simplifies the trading experience.
Highly Rated Stock Trading & Investing Platform
-
Invest in 2,800+ stocks and other assets including 70+ cryptocurrencies and commodities.
-
0% commission on buying stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees.
-
Copy top-performing traders in real time, automatically.
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eToro USA is registered with FINRA for securities trading.
Currently available Skims stock alternatives to buy
If you wish to invest in similar stocks before Skims goes through its IPO, consider our top alternatives:
Lululemon (LULU)
Lululemon Athletica Inc (Nasdaq: LULU) is a multinational athletic apparel brand known for its yoga wear, sports and lifestyle apparel, footwear, and accessories. Based in Canada, it is credited for inventing yoga pants. It has patented its stretch fabric, Luon, to fit better the athleisure lifestyle its stylish brand promotes to a broad audience.
Lululemon stock price today
Your capital is at risk.
Nike (NKE)
Nike, Inc (NYSE: NKE) is a global household brand known for setting the bar for style and performance of athletic footwear, apparel, and sports gear. It is among the world’s largest suppliers of shoes and clothing, and its trademark swoosh logo is ubiquitously recognized across the globe.
Nike stock price today
Your capital is at risk.
Victoria’s Secret (VSCO)
Victoria’s Secret (NYSE: VSCO) is the global retail leader in intimates like signature underwear, body care, and prestige fragrances. Synonymous with its fashion-inspired lingerie, the brand has lodged itself into the collective consumer audience with publicity events and strong brand building, including the on-hiatus Victoria’s Secret Fashion show and a cult following of its Angels.
Victoria’s Secret stock price today
Your capital is at risk.
TJX (TJX)
The TJX Companies, Inc. (NYSE: TJX) is an American multinational corporation that provides brand-name and designer goods at a discount. It has established a solid presence in various countries, offering a broad range of products, including apparel, but also home goods and accessories. By purchasing excess inventory from manufacturers and re-selling it at lower prices, it has attracted a consumer audience interested in the bargain deals, becoming a significant clothing presence. Taking everything into account, TJX is currently a viable Skims stock alternative to buy.
TJX stock price today
Your capital is at risk.
Step 2: Open and fund your account
After opting for a brokerage, you should create and verify an account. The investing service will promptly email you the correct instructions.
The next step is to prepare to invest in Skims or any other similar stock by transferring money into your account. Commonly available funding methods include bank transfers, debit or credit cards, and transaction services like PayPal.
Step 3: Decide how much you want to invest in Skims stock alternatives
Denoting your budget limits before buying Skims stock is paramount to your success. To allow for a stable and safe investment, make sure you have done the following:
- Paid off all high-interest debt, such as credit cards and personal loans;
- Created an emergency fund that covers at least three months of daily life expenses.
Remember
Step 4: Place your order and buy Skims or similar stock
The next step is placing an order and conducting the trade. Go through the following:
- Step 1: Log into your account and find the desired ticker symbol;
- Step 2: Type in the amount you wish to purchase;
- Step 3: Select the order type (market order or limit order) and place it;
- Step 4: Confirm the trade order.
Remember
Pros and cons of investing in Skims and similar stocks
Pros
- Consumer demand: Clothing and apparel are essential consumer goods with a consistent need. As long as people wear things, there will be a market for clothing and shapewear stocks;
- Brand recognition: Successful clothing companies often build strong brand names, and Skims has successfully leveraged the image of Kim Kardashian. The popularity of the brand leads to customer loyalty and repeat business;
- Seasonal trends: Clothing and apparel stocks may benefit from seasonal trends and fashion cycles, enabling companies to release new collections and attract customers;
- Global market: Many clothing companies and recognizable brands like Skims operate globally, allowing investors to tap into various markets and potentially benefit from international growth.
Cons
- Cyclical nature: The apparel sector can be cyclical, with revenue from sales affected by economic downturns or changes in consumer spending habits. During economic downturns, consumers tend to reduce discretionary spending, affecting clothing sales;
- Supply chain hazards: Clothing companies often rely on complex supply chains susceptible to disruptions, such as geopolitical issues, natural disasters, or supply chain bottlenecks;
- Fashion risks: The clothing industry is vulnerable to changing fashion trends. Companies that do not adapt to evolving consumer tastes often fail to remain competitive;
- Ethical concerns: Clothing companies sometimes face criticism for adding to the environmental issues and practicing unethical labor practices. Once the public becomes aware of these trends, they can lead to reputational damage and impact stock performance.
Common mistakes to avoid when investing in Skims stock alternatives
Make sure to avoid these common investing mistakes:
- Lack of research: Research the global state of the clothing market and individual stock’s performance in detail before investing;
- Lack of strategy: Set your goals before you spend any money;
- Staking everything on one asset: Always diversify your portfolio;
- Falling prey to scams: Avoid illegal platforms and suspicious deals.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
FAQs about how to buy Skims stock
Can I buy Skims stock?
You cannot buy Skims stock since the company is not publicly traded yet. However, various events indicate that Skims will have its IPO sometime in 2024. Therefore, following the latest financial news for the most up-to-date information on Skims’ IPO status would be prudent.
What is Skims' stock symbol?
Skims is not a publicly traded company yet; its ticker symbol will be known once it goes through IPO.
When is Skims' stock IPO?
Ongoing speculations point to Skims’ IPO date as being somewhere in 2024.
What is Skims' stock name?
Skim does not have a stock name since it is not publicly traded.
What is the projected Skims stock price?
As of February 2024, there is no projected stock price for Skims, mainly because the company has not gone public and has not yet announced any specific plans for an IPO.
Who owns Skims stock?
Skims is owned by the three co-founders,Kim Kardashian, Jens Grede, and Emma Grede. Kardashian owns an unspecified majority of the company, with Jens Grede as the company’s second-largest shareholder.
How should I prepare to buy Skims stock?
Before buying Skims stock, you should register an account with an investing platform and transfer some funds. Our platform of choice for this is eToro. Always perform detailed research on the stock before buying. Optionally, you can invest in similar stocks, like Lululemon, Nike, Victoria’s Secret, and TJX.
Highly Rated Stock Trading & Investing Platform
-
Invest in 2,800+ stocks and other assets including 70+ cryptocurrencies and commodities.
-
0% commission on buying stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees.
-
Copy top-performing traders in real time, automatically.
-
eToro USA is registered with FINRA for securities trading.
