March 14, 2013 at 08:20 AM EDT
Retail Stocks Spike as February Retail Sales Posts Biggest Gain in Five Months
Five Star Equities Provides Stock Research on Abercrombie & Fitch and NIKE

NEW YORK, NY -- (Marketwire) -- 03/14/13 -- Retail stocks received a boost Wednesday after a report released Tuesday showed U.S. retail sales in February posted its biggest gain in 5 months. The sharp rise comes as a welcome sign as it shows the consumer is gaining confidence in the U.S. economy despite higher taxes in 2013. Five Star Equities examines the outlook for companies in the Retail Industry and provides equity research on Abercrombie & Fitch Co. (NYSE: ANF) and NIKE, Inc. (NYSE: NKE).

Access to the full company reports can be found at:

www.FiveStarEquities.com/ANF

www.FiveStarEquities.com/NKE

The Commerce Department reported retail sales in February increased 1.1% to a seasonally adjusted $421.40 billion, which was the fourth consecutive month of gains. When compared to a year ago sales increased 4.6 percent. Additionally, the Commerce Department reported U.S. business inventories in January grew by 1 percent, the most since May 2011. The increase in inventories suggests companies expect demand to pick up in the months to come.

"This all suggests that the hit to spending from the payroll tax cut and higher gasoline prices, which reduce the amount of cash available to spend on other items, hasn't been too bad," said Paul Dales, senior U.S. economist at Capital Economics. "The recent pickup in both employment and earnings growth bodes well for consumption growth later in the year, too."

Five Star Equities releases regular market updates on the Retail Industry so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at www.FiveStarEquities.com and get exclusive access to our numerous stock reports and industry newsletters.

Abercrombie & Fitch Co., through its subsidiaries, operates as a specialty retailer of casual apparel for men, women, and kids. At the end of Fiscal 2012, the Company operated a total of 1,051 stores. The company reported record sales of $1.469 billion for the fourth quarter of 2012, an increase of 11 percent when compared to a year ago.

NIKE is the world's leading designer, marketer and distributor of authentic athletic footwear, apparel, equipment and accessories for a wide variety of sports and fitness activities. The company has declared a quarterly dividend of $0.22 per share, for a dividend yield of approximately 1.53 percent. Shares of Nike have gained roughly 6 percent year-to-date.

Five Star Equities provides Market Research focused on equities that offer growth opportunities, value, and strong potential return. We strive to provide the most up-to-date market activities. We constantly create research reports and newsletters for our members. Five Star Equities has not been compensated by any of the above-mentioned companies. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at: www.FiveStarEquities.com/disclaimer

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