NEW YORK (Reuters) - Optimism about a strong holiday sales season in the United States led Barron's to tout nine retail store stocks in its November 25 edition.
Although there are six fewer shopping days between Thanksgiving and Christmas this year and the S&P Retail Select Industry index is up 42 percent year to date, retail store trade group NRF forecast that sales this year should rise 3.9 percent over last year.
That led reporter Jacqueline Doherty to write that "good shoppers can always find bargains" in the stock market.
The paper said the particularly dramatic rise in the stock price and price-to-earnings ratios of Restoration Hardware Holdings Inc (>> Restoration Hardware Holdings Inc) and Michael Kors Holding Ltd (>> Michael Kors Holdings Ltd) suggest "limited" future advances in those stocks.
(Reporting By Jed Horowitz; Editing by Maureen Bavdek)
Urban Outfitters, Inc. is a lifestyle products and services company. The Company through three segments: Retail, Wholesale and Nuuly. The Retail segment includes its store and digital channels and includes its Anthropologie, Free People, FP Movement and Urban Outfitters brands. In addition to retail stores, it offers its products and services directly to its customers through its Websites, mobile applications, social media and third-party digital platforms, catalogs and customer contact centers. The Wholesale segment primarily designs, develops, and markets apparel, intimates, activewear and shoes. The Wholesale segment sells through department and specialty stores worldwide, digital businesses and its Retail segment. The Company operates a Wholesale segment under the Free People, FP Movement and Urban Outfitters brands. The Nuuly segment consists of the Nuuly brand, which includes Nuuly Rent and Nuuly Thrift. Nuuly Rent is a monthly womenâs apparel subscription rental service.