TITLE

Hitting Bottom At Last? Retail Shares Rise 4.4% On Hopes Upturn Ahead

AUTHOR(S)
Clark, Evan; Karr, Arnold J.
PUB. DATE
March 2009
SOURCE
WWD: Women's Wear Daily;3/27/2009, Vol. 197 Issue 65, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article focuses on the upturn in the retail stocks in the clothing and fashion industry. The adjusted fourth-quarter earnings of Best Buy Co. Inc. topped the estimates by analysts. It is reported that Saks Inc. was among the principal fashion beneficiaries of the market and its shares were ahead by 15 percent to $2.07. AnnTaylor Stores Corp. turned in an 18.9 percent gain to $5.54. Investors have dismissed the news of a 6.3% decline in gross domestic product in the fourth quarter.
ACCESSION #
37559302

 

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