Reformation Inc. is exploding higher as investors react to a broader shift in the apparel and footwear industry. While the company has no specific news, the sector is seeing increased optimism following reports that the fashion retailing market is projected to see significant gains, including $26.87 billion in the clothing and apparel segment and $9.68 billion in footwear. This positive sentiment appears to be buoying the stock as market participants weigh these growth forecasts against recent challenges faced by competitors like Lululemon, which recently signaled a double-digit decline in U.S. revenue for the year.