NEW YORK, NY--(Marketwire -02/02/12)- Shares of retailers such as have struggled over the last week as US consumer confidence continues to deteriorate. The New York-based Conference Board's confidence index decreased to 61.1 from a revised 64.8 reading the prior month. The Paragon Report examines investing opportunities in the Retail (Apparel) Sector and provides investment research on Lululemon Athletica, Inc. (NASDAQ: LULU - News) (TSX: LLL.TO - News) and Crocs, Inc. (NASDAQ: CROX - News). Access to the full company reports can be found at:
Despite the largest increase in personal incomes since March, December saw no increase in consumer spending, Commerce Department figures show. US retail sales increased 0.1% in December, falling short of the 0.3% gain forecast in a Bloomberg survey of economists. Jobless claims rose 24,000 to 399,000 in the week ended January 7, compared with a median estimate of 375,000 in a Bloomberg survey.
Restrained consumer spending last quarter prevented growth from meeting economists' forecast, Bloomberg reports. The US economy expanded 2.8 percent in the final three months of 2011, compared with a 3 percent estimate.
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Crocs, Inc. and its subsidiaries engage in the design, development, manufacture, marketing, and distribution of footwear, apparel, and accessories for men, women, and children. The company recently released a press release stating that it expects to achieve the higher end of its revenue guidance of $200 million to $205 million for the fourth quarter of 2011, based on the strong performance of retail business. Shares of Crocs are up an impressive 36 percent year-to-date.
Lululemon Athletica Inc., together with its subsidiaries engages in the design, manufacture, and distribution of athletic apparel and accessories for women, men, and female youth primarily in Canada, the United States, and Australia. Shares of the company are up roughly 38 percent this year.
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