The apparel industry has become a minefield in recent years due to declining mall traffic, fickle consumer tastes, and tougher competition from e-tailers and fast fashion retailers like H&M. The SPDR S&P Retail ETF (NYSEMKT: XRT) — which is heavily weighted toward apparel stocks — has fallen 11% over the past 12 months, compared to the S&P 500’s 15% gain.