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Zacks Industry Rank Analysis Highlights: Gap Inc., Kohl's, Buckle, Dick's Sporting Goods and PetSmart.

Publication: Business Wire
Publication Date: 28-MAY-09
Format: Online
Delivery: Immediate Online Access

Article Excerpt
CHICAGO -- Zacks.com releases the latest Zacks Industry Rank. Stocks featured in this week's analysis include Kohl's (NYSE: KSS), Gap Inc. (NYSE: GPS), Buckle (NYSE: BKE), Dick's Sporting Goods (NYSE: DKS) and PetSmart (Nasdaq: PETM).

Zacks Industry Rank Analysis is written by Charles Rotblut, CFA, Senior Market Analyst for Zacks.com.

This Week: Retailers: Better Forecasts, Tough Conditions

Two pieces of data point to a better outlook for retailers: consumer confidence and earnings estimates.

The Conference Board's May consumer confidence index spiked to 54.9 in May, its highest level since last September. Behind the increase was a 21.3-point jump in the Expectations Index, from 51.0 to 72.3. This suggests that consumers believe economic conditions will likely improve in the future.

Full-year earnings estimates...

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