Research on Abercrombie & Fitch and Gap -- Clothing Retailers Fight for Market Share
July 21 2010 - 9:31AM
Marketwired
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Apparel Stores companies Abercrombie & Fitch Co. and Gap Inc.
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The recession left pricier retail stores such as Abercrombie & Fitch Co. (NYSE: ANF) by the wayside.
However, with wages up by 4.8% and personal income rising it seems
Americans might be ready to shop once again. The ICSC predicts that
this back to school season will see the first increase in three
years, with an expected rise of 5.4% on last year. Register today
at
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Abercrombie & Fitch has been doing well this summer with
shares gaining 8% and same store sales up by 9%. Although their
Hollister division has a higher price point than its rivals,
resisting promotions has maintained its premium brand image.
Analysts suggest that as consumers have more to spend they could be
drawn back to their old favorites. Visit us at
http://www.wallstreetequityresearch.com/ to understand the
catalysts and forces driving or affecting companies in the apparel
stores industry in today's economic environment.
Retail giant the Gap Inc. is not faring as well this summer and
back to school high. Shares are down 13% this year and flat shop
sales in June have not inspired confidence. Although the Gap seems
to be struggling to get back into mainstream high street fashion,
its subsidiaries such as Banana Republic are doing somewhat better
with an increased sales of 6%. Access free research on Gap Inc. now
by signing up at
http://wallstreetequityresearch.com/July212010GapInc.(GPS)210710.php
It will be interesting to see how retail companies fare with the
expected increase in spending.
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