Look for Deals on Luxury Goods

Plus: Fake Meat Sales Jump You are receiving this limited-time email resource as a subscriber to Kiplinger's free e-newsletters. We will continue to publish this daily throughout the height of the coronavirus outbreak. To unsubscribe at any time, simply click the link in the footer below. APRIL 27, 2020 [View in browser]( [Corona]( WHAT YOU NEED TO KNOW ABOUT THE CORONAVIRUS OUTBREAK Shoppers with an affinity for designer fashion and accessory items may be able to score significant deals in the weeks and months ahead. While lockdowns continue in the U.S., the luxury fashion industry is bound to suffer. Many brick-and-mortar stores have closed their doors until further notice. This has left brands with no time to figure out how to market their newly released spring and summer collections to consumers sheltering in place. SEE ALSO: [How to Invest Your Stimulus Check]( With many shoppers sticking to essential goods for now when making online purchases, high-end retailers may soon face the realization that they have an overstock of seasonal items -- from clothing to shoes -- that they'll somehow need to liquidate. This could result in prices being slashed on products available through e-commerce sites such as NeimanMarcus.com and SaksFifthAvenue.com. That's because these retailers will eventually need to make room for their fall/winter inventory, which will roll out starting in late summer. And while the current situation is extremely unusual, offering deep discounts in an effort to quickly move slow-selling products is business as usual in the retail industry. Free download, [The Kiplinger Letter's Forecast](. No information required from you. Coronavirus: A perfect storm for ... fake meat? The COVID-19 outbreak has actually benefited a small number of industries so far -- most of them unsurprising sectors such as work collaboration tools and e-commerce. But a few less-likely winners are emerging, too, including plant-based protein, thanks to both domestic and international trends. Here in the U.S., increasing worries about meat shortages due to virus outbreaks in slaughterhouses are prompting a surge in demand for "meatless" meat. Nielsen says the country's sales of plant-based meat products surged 200% year-over-year for the week ended April 18, versus a 30% rise for fresh meat. China is proving to be a catalyst, too. Beyond Meat ([BYND]( recently started hawking its wares in thousands of Chinese Starbucks ([SBUX]( locations, and KFC is trying out plant-based chicken. Beyond Meat, the largest pure play on plant-based protein, has gained 44% so far this year, versus a 12% loss for the S&P 500. But the trend could also aid established food makers such as Kellogg ([K]( which boasts the Incogmeato brand, and battered Tyson Foods ([TSN]( which has already had to shutter multiple traditional meat facilities. SPONSORED CONTENT FROM SMARTASSET [These are Your 3 Financial Advisors in Your Area]( [These are Your 3 Financial Advisors in Your Area]( Finding the right advisor that fits your needs doesn't have to be hard. SmartAsset's free tool matches you with fiduciary financial advisors in your area in 5 minutes. [READ MORE]( RELATED LINKS [Protecting Your Car During COVID-19]( [8 Facts You Need to Know About Bear Markets]( [Investing in Gold: 10 Facts You Need to Know]( [Cashing a Stimulus Check? Try Walmart or PayPal]( [26 Things Home Buyers Will Hate About Your House]( [Kiplinger] [Facebook]( [Twitter]( [LinkedIn]( [Google+]( [Tumbler]( Send this to a friend. [Click here.]( All content ©2020 The Kiplinger Washington Editors 1100 13th Street, NW, Suite 1000 Washington, D.C. 20005 Thank you for subscribing to Kiplinger's A Step Ahead, a free resource to help readers navigate special circumstances such as the coronavirus outbreak. If you ever wish to stop receiving this daily service, please [click here to unsubscribe.](