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CORAL SPRINGS, Florida, September 11, 2013 /PRNewswire/ --
U.S. Market's major indexes realized gains across the board on Tuesday as the following Retail Giants led the news in the Services Sector: Smack Sportswear (OTCBB: SMAK), Aéropostale, Inc. (NYSE: ARO), NIKE, Inc. (NYSE: NKE), Five Below, Inc. (NASDAQ: FIVE) and Urban Outfitters (NASDAQ: URBN)
Smack Sportswear (SMAK) Headline: Merriman Capital Initiates on SMACK Sportswear with Speculative Buy. Merriman Capital, Inc. ("Merriman"), a wholly owned subsidiary of Merriman Holdings, Inc. (MERR), announced this week that it has initiated equity research coverage of SMACK Sportswear ("the Company") at Speculative Buy and a $0.09 price target. Headquartered in Los Angeles, SMACK Sportswear designs, manufactures and distributes sports and beach apparel to teams, clubs, athletes, beach goers and sports enthusiasts. SMACK's products come in various materials, designs, colors and are available in customizable packages that cater to its client's whims. The company's in-house sublimation, screen printing and stitching provide clubs and teams with a one-stop storefront for custom uniforms, which eliminates the cumbersome process of purchasing generic sportswear from large apparel companies only to transfer them to outsourced screen printers for customization--a typical process undergone in uniform development.
To read the entire press release, please go to http://finance.yahoo.com/q/h?s=SMAK+Headlines
SMACK distributes its products through its e-commerce web portal www.smacksportswear.com and through in-house sales initiatives that directly target teams and clubs. The company generates revenues through apparel sales via the Internet, retail stores, and through club & school team purchases.
Aéropostale, Inc. (ARO), together with its subsidiaries, operates as a mall-based specialty retailer of casual apparel and accessories. It provides a collection of apparel, including graphic t-shirts, tops, bottoms, sweaters, jeans, outerwear, and accessories for 14 to 17 year-old young women and men. The company also offers casual clothing and accessories focusing on kids between the ages of 4 and 12. As of July 1, 2013, it operated 898 Aeropostale stores in 50 states and Puerto Rico, 78 Aeropostale stores in Canada, and 132 P.S. from Aeropostale stores in 28 states and Puerto Rico. ARO closed up 2.25% on Tuesday September 10, 2013 on above average volume of 6.4Mil Shares Traded.
Nike, Inc (NKE) News: The Goldman Sachs Group Inc. (NYSE: GS) will replace Bank of America Corp. (BAC), Visa Inc.(V) will replace Hewlett-Packard Co. (HPQ), and Nike Inc. (NKE) will replace Alcoa Inc. (AA) in the Dow Jones Industrial Average (DJIA) after the close of trading on Friday, September 20. The changes will be effective with the opening of trading on Monday, September 23. The index changes were prompted by the low stock price of the three companies slated for removal and the Index Committee's desire to diversify the sector and industry group representation of the Index.
Five Below, Inc. (FIVE) announced this week financial results for the thirteen weeks ended August 3, 2013. For the thirteen weeks ended August 3, 2013: Net sales increased by 34.9% to $117.1 million from $86.8 million in the second quarter of fiscal 2012; comparable store sales increased by 6.6%. Operating income was $7.2 million as compared to $4.7 million in the second quarter of fiscal 2012. Adjusted operating income, which excludes the impact of the founders' transaction in both periods and the fees incurred related to the Company's secondary public offering in the second quarter of fiscal 2013 (see GAAP/Non-GAAP reconciliation table), increased to $9.7 million as compared to $6.2 million in the second quarter of fiscal 2012. To read the full financial results release, go to http://finance.yahoo.com/news/five-below-inc-announces-second-200100264.html
Shares of Urban Outfitters (URBN) fellas much as 11% after warning on third-quarter sales. Urban Outfitters had managed to escape the whirling dervish that hit other teen retailers last quarter, including Abercrombie & Fitch, Aeropostale, and American Eagle, all of which dropped double digits. Last night, however, the company noted in its 10-Q report that same-store sales, which includes the normally strong online channel, were only up mid-single digits in the third quarter thus far, down from a 9% clip in the first half of the year, and below some analysts' expectations. Read the full story at http://www.fool.com/investing/general/2013/09/10/why-urban-outfitters-stock-got-dumped.aspx.
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