The Wall Street Transcript Publishes Specialty Retail Stocks Report
NEW YORK, Dec. 23 /PRNewswire/ -- Amy Ryan, First Vice President with Prudential Securities, where she covers specialty retail, examines the outlook for Specialty Retail Stocks in this timely and deeply informative 2,800-word interview from The Wall Street Transcript (212-952-7433) or http://www.twst.com/info18.htm.
1) In a vital review of this evolving sector for investors and industry professionals, this Specialty Retail Stocks Report features an in-depth analysis of the sector by leading expert Amy Ryan, First Vice President with Prudential Securities, where she covers specialty retail.
Specialty Retail companies are at a crucial juncture; with investors focused on evaluating and trying to differentiate which business models will succeed.
Ryan discusses the outlook for specialty retail stocks, including the impact of the Internet and offers her current stock recommendations.
Ryan forecasts mixed results for sector firms over the holiday season, ``Tiffany (NYSE: TIF - news) is very dependent upon the holiday selling season. Their business in the United States has been very strong, due in part to some of the marketing programs they put into place to communicate to shoppers that they don't have to be millionaires to shop at Tiffany. Also, continued new product launches have been helping their sales. Also, there seems to be good demand for jewelry in general as Zale Corp. (NYSE: ZLC - news) has also been showing some strong sales.'' (Note: In a TWST.com 2/22/99 interview, Ryan recommended Tiffany's which traded at $28 and, after a 2-for-1 split, closed at 82 13/16 on 12/23/99. An excerpt of her recommendation is available free at http://archive.twst.com/notes/articles/gag480.html).
Ryan asserts, ``The book retailers are also very dependent on the holiday selling season for the bulk of their earnings. Interestingly, during the second and third quarters of this year, Barnes & Noble (NYSE: BKS - news), Borders (NYSE: BGP - news) and Books-A-Million (NYSE: BAMM - news) all posted comparable sales that were in excess of expectations, despite continued growth in online book sales. Overall, I'm relatively optimistic regarding the outlook for the companies in my universe. Even Costco (Nasdaq: COST - news) and BJ's (NYSE: BJ - news) have had very strong sales of holiday merchandise thusfar.''