NEW YORK, NY -- (Marketwire) -- 05/17/12 -- After an impressive first quarter retail stocks have cooled off recently as recent data shows consumer spending softened last month. SPDR S&P Retail ETF (XRT) -- which seeks to replicate an index that invests in industries such as apparel retail, automotive retail, food retail, department stores, Internet retail, general merchandise stores, drug retail, and hypermarkets and super centers -- has gained less than a quarter of a percent over the last month. The Paragon Report examines investing opportunities in the Retail Industry and provides equity research on NIKE, Inc. (NYSE: NKE) and Urban Outfitters, Inc. (NASDAQ: URBN).
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According to number released by the Commerce Department Tuesday retail sales for the month of April increased by just 0.1 percent, the smallest gain since December. "Though consumer spending softened in April, retailers overall have seen solid sales growth so far this spring, a positive indicator we're heading in the right direction," said NRF President and CEO Matthew Shay. "With 22 straight months of sustained retail sales growth, retailers are optimistic as they gear up for the all-important summer shopping season."
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NIKE, Inc. based near Beaverton, Oregon, 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. For fiscal 2012 third quarter the company reported revenues increased 15 percent to $5.8 billion, up 16 percent on a currency-neutral basis.
Urban Outfitters, a leading lifestyle specialty retail company operating under the Anthropologie, BHLDN, Free People, Terrain and Urban Outfitters brands previously announced net income of $39.3 million and $185.3 million for the fourth quarter and the year ended January 31, 2012, respectively. Earnings per diluted share were $0.27 for the quarter and $1.19 for the year.
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