Shakespeare wrote - "There is a tide in the affairs of men". There are cycles in technology investing and for the specialty retail sector there are circles. Fashion retailers come back to life among investors and customers, with their ability to pick right trends.
Wet Seal Inc. (Nasdaq: WTSL) is coming back in the "circle" of specialty retail performance and the stock will catch up soon. Business is showing results, with 4% Comparative store sales (Comps) growth, of efforts undertaken earlier. This improved performance takes credence in an environment, where peers like Abercrombie & Fitch Co. (NYSE: ANF) and Aeropostale Inc. (NYSE: ARO) have shown double-digit Comps decline.
With expectations of 5-7% Comps growth,...
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