The ShinesRooms.com Provides Stock Research onGap Inc. and Chico's FAS Inc.
New York City, New York -- (April 01,2013)
The U.S. economy has seen a significant improvement since the start of this year, thanks mainly to a recovery in the labor market. The recovery in the labor market has also boosted consumer confidence and retail sales in the U.S. With the trend expected to continue, retailers such as The Gap Inc. (GPS) and Chico’s FAS Inc. (CHS) can expect a robust year ahead. The holiday season turned out to be a disappointing one for retailers as consumers remained cautious due to the fiscal cliff issue. The fiscal cliff issue was dealt with at the start of this year after lawmakers signed a last-minute deal. The last-minute deal ended a great deal of economic uncertainty and boosted consumer and business confidence.
Access our free reports onGap Inc. and Chico's FAS Inc.Traders can also connect to our Wall Street Trading Floor where our research desk and market pros are standing between 8:50 am to 4:15 pm ET at
Although fiscal cliff deal led to the expiration of payroll tax cuts, retail sales rose in the first two months of 2013, highlighting the fact that consumer confidence has been boosted after the fiscal cliff deal. Apart from the fiscal cliff deal, consumer confidence has also been boosted by an improvement in the labor market. The labor market has been seeing a strong recovery, and the trend is expected to continue. A recovery in housing market and stock market trading close to multi-year high levels is also expected to continue to boost consumer spending. In February, all these factors resulted in retail sales rising 1.1%, according to the Commerce Department.
Last month, The Gap Inc. also reported its sales results for the month of February. The retailer reported net sales of $966 million for the four-week period ended March 2, 2013. This compares to net sales of $874 million reported for the four week period ended February 25, 2012. Comparable sales for Gap Global rose 2%. Global comparable sales for Banana Republic were down 5%. Old Navy Global comparable sales for the four-week period rose 6%.Our free research report onGap Inc.can be downloaded upon registration at
Glenn Murphy, Chairman and CEO of The Gap Inc., said last month that building on the company’s successful 2012 performance, he is pleased with the company’s overall sales results in February.
Investors are now waiting for The Gap Inc.’s sales results for the month of March, which will be released on April 11, 2013.
Back in February, Chico’s FAS Inc. reported its financial results for the fourth quarter and full year ended February 2, 2013. For the quarter, the company reported net income of $32.7 million, excluding non-recurring acquisition and integration costs related to the Boston Proper acquisition. Net income for the full year, excluding the one-time costs, stood at $182.2 million.Chico's FAS Inc.free research is available today at
Fourth quarter net sales stood at $651.9 million, representing an increase of 14.5% over the same period in the previous year. Comparable sales growth for the quarter rose 3.7%. Comparable sales at the company’s Chico’s/Soma Intimates brand rose 2.3%, while at the White House | Black Market brand rose 6.3%. The company’s gross margin for the quarter improved 90 basis points to 53.2%.
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Michael Thomas Smith