| By Marketwire . | Article Rating: |
|
| October 31, 2012 08:20 AM EDT | Reads: |
183 |
NEW YORK, NY -- (Marketwire) -- 10/31/12 -- Retail stocks have performed admirably in 2012 despite concerns of a global economic slowdown. The Standard and Poor's 500 Retailing Index has gained 22 percent year-to-date, compared to a gain of 12 percent for the S&P 500 Index. Retail Metrics Inc. earlier this month reported that U.S. same store sales of the companies tracked by the research firm increased 3.9 percent in September, topping analysts' estimates of 3.7 percent. The Paragon Report examines investing opportunities in the Retail Industry and provides equity research on J.C. Penney Company, Inc. (NYSE: JCP) and Wal-Mart Stores, Inc. (NYSE: WMT).
Access to the full company reports can be found at:
www.ParagonReport.com/JCP
www.ParagonReport.com/WMT
Recent data has shown that consumer spending in September saw its biggest increase in 6 months. The Commerce Department on Monday reported that consumer spending increased 0.8 percent in September, which was twice the gain seen in personal income, after a 0.5 percent gain in August. According to Bloomberg economists had predicted a gain of 0.6 percent.
"The strength in September gives consumer spending a good lift for the fourth quarter," said Stephe Stanley, chief economist at Pierpont Securities LLC. "The housing market seems to have turned. Consumers are clearly feeling better and are going out and spending a bit more."
Paragon Report releases regular market updates on the Retail Industry so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at www.ParagonReport.com and get exclusive access to our numerous stock reports and industry newsletters.
In February J.C. Penney began moving away from the discount retailer label by getting rid of it coupon and percent-off promotions. The retailer's transformation has caused a 20 percent sales drop through July. The company plans to transform roughly 700 of the 1,100 J.C. Penney stores into shopping centers made up of 100 individual specialty shops of brands such as Joe Fresh, Martha Stewart and Disney.
During the fiscal year ended January 31, 2012 (fiscal 2012), Walmart's U.S. segment accounted for approximately 60% of its net sales. In an effort to increase its share of China's online shopping market Walmart recently purchased a majority stake in Chinese e-commerce company Yihaodian, who had sales of $428 million in 2011.
The Paragon Report has not been compensated by any of the above-mentioned publicly traded companies. Paragon Report is compensated by other third party organizations for advertising services. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at:
http://www.paragonreport.com/disclaimer
Add to Digg Bookmark with del.icio.us Add to Newsvine
Published October 31, 2012 Reads 183
Copyright © 2012 SYS-CON Media, Inc. — All Rights Reserved.
Syndicated stories and blog feeds, all rights reserved by the author.
More Stories By Marketwire .
Copyright © 2009 Marketwire. All rights reserved. All the news releases provided by Market Wire are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

