Improving Economy Having Positive Effects on Nike, Inc. and Liz Claiborne Inc.
March 23 2012 - 8:20AM
Marketwired
Retail stocks have been on an impressive run of late as a robust
rebound in the U.S. labor market has boosted consumer discretionary
spending. The SPDR S&P Retail ETF (XRT) -- which seeks to
replicate an index that invests in industries such as apparel
retail, automotive retail, food retail, department stores, Internet
retail, general merchandise stores, drug retail, and hypermarkets
and super centers -- is up more than 16 percent year to date. The
Paragon Report examines the outlook for companies in the Retail
(Apparel) industry and provides equity research on Liz Claiborne
Inc. (NYSE: LIZ) and Nike, Inc. (NYSE: NKE). Access to the full
company reports can be found at:
www.paragonreport.com/LIZ www.paragonreport.com/NKE
Earlier this month the U.S. Commerce Department announced that
retail sales recorded their largest gain in five months in February
as Americans snapped up motor vehicles and bought a range of goods.
The February gain pushed total sales to a record $407.8 billion.
That's 20.1 percent higher than the recession low hit in March
2009.
February clothing store receipts surged 1.8 percent, the largest
increase since November 2010, while sales at building materials and
garden equipment suppliers advanced 1.4 percent.
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 (Apparel) industry register with
us free at www.paragonreport.com and get exclusive access to our
numerous stock reports and industry newsletters.
Liz Claiborne Inc. recently announced the appointment of George
Carrara Executive Vice President, Chief Financial Officer and Chief
Operating Officer, effective April 2, 2012. In this position, Mr.
Carrara will oversee Finance, Global Operations and Information
Technology. He will report to William L. McComb, Chief Executive
Officer, Liz Claiborne Inc.
Nike, Inc. reported yesterday that revenues increased 15 percent
to $5.8 billion, up 16 percent on a currency-neutral basis.
Excluding the impacts of changes in foreign currency, NIKE Brand
revenues rose 16 percent with growth in every geography except
Japan and in all key categories.
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