For Immediate Release
Chicago, IL – November 27, 2009 – Zacks.com announces the latest Industry Outlook. Today, Zacks Equity Research discusses the Retail Industry, including Gap Inc. (GPS), Limited Brands (LTD) and The Hershey Company (HSY).
A synopsis of today’s Industry Outlook is presented below. The full article can be read at http://www.zacks.com/stock/news/27660/Retail+Industry.
Upcoming Holiday Shopping Season
Most of the companies in the apparel, confectionery and cosmetics sector are expected to benefit from the holiday shopping season.
Leading apparel company Gap Inc. (GPS) recently reported strong quarterly earnings, boosted by sales at its low-price Old Navy chain. Gap is now focusing more on improving its business model by striking the right balance between its cost structure and merchandise by better aligning inventory with sales trends. The company is upbeat about its performance in the upcoming holiday shopping season, as management is focused on gaining market share by presenting a strong value proposition to customers across its brands.
The other leading retail business, Limited Brands (LTD) reported almost a 50% year-over-year increase in earnings during the fiscal 2009 third quarter. The company is confident about its strong performance during the holiday shopping season and has lined up holiday themes focused on offering core products and seasonal gifts.
The Hershey Company (HSY) also posted strong profits during the recently reported quarter. The company is making the required consumer investments for the upcoming holiday shopping season.
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