LONDON, June 18, 2013 /PRNewswire/ --
Editor Note: For more information about this release, please
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Improving consumer confidence in the U.S. augurs well for
apparel stores operators. The improvement in consumer confidence is
being driven by the recovery in the labor market. With the labor
market recovery expected to continue, consumer spending is likely
to remain robust going forward. The major concern for apparel
stores operators is Europe.
Although the Eurozone debt crisis has stabilized, European consumer
confidence remains low. On Monday, June 17,
2013, shares in apparel store operators ended mostly higher,
tracking gains in the broader market which rallied even as market
participants wait for Federal Reserve's monetary policy statement.
The major movers in the sector included Urban Outfitters Inc.
(NASDAQ: URBN), The Men's Wearhouse Inc. (NYSE: MW), Guess? Inc.
(NYSE: GES), and New York &
Company Inc. (NYSE: NWY). AAAResearchReports.com have completed
their technical analysis on URBN, MW, GES, and NWY and these free
reports are accessible by registering at
http://www.aaaresearchreports.com/register/
Shares in Urban Outfitters Inc. ended 0.22% lower on Monday. The
Company's shares traded between $40.52 and
$41.39 before finishing the day at $40.79 on a total of 1.38 million shares traded.
Its daily average volume is 1.81 million. Urban Outfitters' shares
have now fallen nearly 1% in the last three sessions. So far this
year, the stock has grown around 6.7%. Shares of the Company are
currently trading 9.27% below their 52-week high. Sign up for free
technical research on URBN at:
http://www.AAAResearchReports.com/URBN061813.pdf
The Men's Wearhouse Inc.'s stock fluctuated between gains and
losses yesterday before closing the day nearly flat. The company's
shares traded between $36.53 and
$37.19 before ending the day 0.08% lower at $36.80. It saw a total of 562,314 shares traded
which is above the daily average volume of 488,704. However,
despite struggling on Monday, The Men's Wearhouse shares have
gained 3.40% in the last three trading sessions. So far this year,
the stock has grown nearly 21.17%, thus outperforming the S&P
500. The stock is still trading 3.12% below its 52-week high. Be
sure to read our latest technical research on MW by registering
at:
http://www.AAAResearchReports.com/MW061813.pdf
Shares in Guess? Inc. rose sharply on Monday, extending their
gains from previous sessions. The company's shares traded between
$31.51 and $31.80 before closing the
day at $31.77, up 1.31% on volume of
788,675 shares which is below the daily average volume of 979,738.
Guess?'s shares have now gained over 4.50% in the last three
sessions. Since the start of this year, the stock has jumped by
31.44%, thus outperforming the S&P 500. However, despite the
significant gains, the stock is still trading 2.23% below its
52-week high. Sign up and read the complimentary report on GES
at:
http://www.AAAResearchReports.com/GES061813.pdf
New York & Company Inc.'s
stock surged yesterday, extending its rally from previous trading
sessions. The Company's shares hit an intraday high of $5.86 before finishing the day 4.84% higher at
$5.85. A total of 393,120 shares were
traded which is well above the daily average volume of 201,392.
Shares of New York & Company have grown by nearly 6.40% in the
last three sessions. The stock is currently hovering around its
52-week high of $5.87. The free
report on NWY can be downloaded by signing up now at:
http://www.AAAResearchReports.com/NWY061813.pdf
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SOURCE AAA Research Reports