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  • WMM Retailer Highlights NASDAQ: JOEZ,HOTT) (NYSE:KCP) 0 comments
    Jun 3, 2010 4:22 PM | about stocks: JOEZ, HOTT, KCP
    This morning the retail sales for May were announced, showing mixed results. Companies like Target showed increased sales by 1.3%, Macys increased by 1.4% and Costco increased 5%. For retailers the summer presents a twofold opportunity, first people shop much more in the summer due to heightened free time and the seasonality of school scheduling, and second many retailers hire seasonal help for the summer to deal with increased traffic. 

    Since the retail numbers of the major chains came out this morning, I wanted to take the time to highlight clothing retailers featured in World Market Media’s Micro Cap Index,  track their current performance and update our audience on any recent press. 
    Today I mentioned JOEZ  in my early morning market movers blog, the denim retailer is still trading up at 2.38 + .19 or 8% on a volume of 1 million. Joes Jeans focuses on higher end Women’s fashion, the company’s recent claim to fame is the Denim legging which was released in the spring and supposed to This small cap retailer has been doing well, expanding to outlets in Cincinnati, Las Vegas, Boston and California. The company has increased their stock price in the past year from well under a dollar to a peak of 3.45 in April. 


    Our second retailer is Hot Topic providing band shirts and twilight posters for angsty highschoolers all across America. Currently HOTT is trading at 5.45 up .09 or 1.67%. The stock has taken a dip this week dropping from $5.70 to its current position. Hot Topic’s reported decreased sales of 9 percent this morning, but the stock has bounced back a little after the news.



    Finally, is Kenneth Cole Productions  trading at 11.89 up .26 or 2.2% on a thin volume today. Last month the company opened a new outlet mall in New York and reported a swing to profitability for the fourth quarter. The stock has been trading fairly strong, and has experienced a slight increase in price this year. 


    Retailers are a good metric for the state of the economy, but other forces, such as Euro-Zone weakness and the BP oil spill have been squashing U.S. economic numbers from boosting the markets. Much of the week will hinge on tomorrow’s unemployment numbers. We will see if the quarterly results of U.S. retailers will shape up.


    Disclosure: no positions
    Stocks: JOEZ, HOTT, KCP
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