Shares of Lululemon and Crocs Skyrocket Despite Disappointing Retail Data
February 02 2012 - 8:20AM
Marketwired
Shares of retailers such as have struggled over the last week as US
consumer confidence continues to deteriorate. The New York-based
Conference Board's confidence index decreased to 61.1 from a
revised 64.8 reading the prior month. The Paragon Report examines
investing opportunities in the Retail (Apparel) Sector and provides
investment research on Lululemon Athletica, Inc. (NASDAQ: LULU)
(TSX: LLL) and Crocs, Inc. (NASDAQ: CROX). Access to the full
company reports can be found at:
www.paragonreport.com/LULU
www.paragonreport.com/CROX
Despite the largest increase in personal incomes since March,
December saw no increase in consumer spending, Commerce Department
figures show. US retail sales increased 0.1% in December, falling
short of the 0.3% gain forecast in a Bloomberg survey of
economists. Jobless claims rose 24,000 to 399,000 in the week ended
January 7, compared with a median estimate of 375,000 in a
Bloomberg survey.
Restrained consumer spending last quarter prevented growth from
meeting economists' forecast, Bloomberg reports. The US economy
expanded 2.8 percent in the final three months of 2011, compared
with a 3 percent estimate.
The Paragon Report provides investors with an excellent first
step in their due diligence by providing daily trading ideas, and
consolidating the public information available on them. For more
investment research on the Retail industry register with us free at
www.paragonreport.com and get exclusive access to our numerous
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Crocs, Inc. and its subsidiaries engage in the design,
development, manufacture, marketing, and distribution of footwear,
apparel, and accessories for men, women, and children. The company
recently released a press release stating that it expects to
achieve the higher end of its revenue guidance of $200 million to
$205 million for the fourth quarter of 2011, based on the strong
performance of retail business. Shares of Crocs are up an
impressive 36 percent year-to-date.
Lululemon Athletica Inc., together with its subsidiaries engages
in the design, manufacture, and distribution of athletic apparel
and accessories for women, men, and female youth primarily in
Canada, the United States, and Australia. Shares of the company are
up roughly 38 percent this year.
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above-mentioned publicly traded companies. Paragon Report is
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