HONG KONG -- (Marketwire) -- 07/20/11 -- Today, www.WorldStreetFundamentals.com released its industry report highlighting BeBe stores, Inc. (NASDAQ: BEBE) and The Wet Seal, Inc. (NASDAQ: WTSLA). Full fundamental and technical analysis is available at www.WorldStreetFundamentals.com/Reports.php.
Due to a weakened economy and higher unemployment rates, lackluster discretionary income growth could cause irritability in the apparel and accessories demand. Accessories and differentiated fashion continue to outperform the category, but at a slower pace. Strong luxury brands are estimated to rebound extending throughout 2011, reflecting core luxury shoppers. According to NPD consumer estimated data, first-quarter 2011 apparel sales declined 1.6%. According to the U.S. Department of Commerce, sales at clothing and accessories stores rose 4.1% year to year in the 2011 first quarter.
World Street Fundamentals has highlighted BeBe stores, Inc. as it designs, develops and produces a line of contemporary women's apparel and accessories. The Company's product offering includes a range of separates, tops, dresses, active wear and accessories in the lifestyle categories, such as career, evening, casual and active. It designs and develops the majority of its merchandise in-house, which is manufactured to the Company's specifications, or is sourced directly from third-party manufacturers. The entire report on BeBe stores, Inc. (NASDAQ: BEBE) is available here: www.WorldStreetFundamentals.com/ViewFullReport.245.php.
World Street has emphasized The Wet Seal, Inc. as a national specialty retailer operating stores selling fashionable and contemporary apparel and accessory items designed for female customers aged 13 to 35 years old. As of January 30, 2010, it operated 504 retail stores in 47 states, Puerto Rico and Washington D.C. Its products can also be purchased online. The Company operates two nationwide, primarily mall-based, chains of retail stores under the names Wet Seal and Arden B. As of January 30, 2010, it operated 424 Wet Seal stores and 80 Arden B stores. The entire report on The Wet Seal, Inc. (NASDAQ: WTSLA) is available here: www.WorldStreetFundamentals.com/ViewFullReport.138.php.
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