Profiting from Retail Sector Growth
One sector is showing surprising resilience and strength in the face of the slowing domestic economic recovery, the sovereign debt crisis in Europe, and fears of a slowdown in China. The retail sector has blossomed in these uncertain economic times. Zumiez (NASDAQ: ZUMZ) recently increased 2012 Q1 earnings by 150% YOY. Ross Stores (NASDAQ: ROST) recently posted a 26% YOY gain in Q1 and grew its earnings an average of 24% the last three quarters. Overall, the S&P Retail Index has soared 19.1% YTD, compared to 6.3% for the S&P 500. Full story: here.