SOURCE: World Street Fundamentals

May 11, 2011 09:00 ET

Consumers Begin Return to Stores -- Industry Report Featuring Fossil, Inc. and Guess?, Inc.

HONG KONG--(Marketwire - May 11, 2011) - Today, www.WorldStreetFundamentals.com released its industry report highlighting Fossil, Inc. (NASDAQ: FOSL) and Guess?, Inc. (NYSE: GES). Full fundamental and technical analysis is available at www.WorldStreetFundamentals.com/Reports.php.

U.S. Department of Commerce reported sales at clothing and accessories stores rose 4.1% first quarter 2011 over last. This follows on a 5.1% annual increase in 2010, marking the beginning of increased consumer spending. This has acted as a driving force to reverse negative earnings within the industry. With reported numbers indicating further discretionary income available to consumers, 2011 is estimated to see a 2.6% increase in consumer spending. This catalyst bodes well for the consumer discretionary industry, as more consumers begin to shop with free cash. Analyst expectations remain conservative however through to 2012 because of lingering housing concerns and general economic worries.

World Street Fundamentals has highlighted Fossil, Inc. for its business as a global designer, marketer and distributer company that specializes in consumer fashion accessories. Its offerings include a line of men's and women's fashion watches and jewelry, handbags, small leather goods, belts, sunglasses, footwear, cold weather accessories and apparel. Its products are distributed globally through a range of distribution channels, including wholesale in countries where it has a physical presence, direct to the consumer through its retail stores and commercial Websites and through third-party distributors in countries, where it does not maintain a physical presence. The entire report on Fossil, Inc. (NASDAQ: FOSL) is available here: www.WorldStreetFundamentals.com/ViewFullReport.245.php.

World Street has highlighted Guess?, Inc. for its focus on designing, marketing, distributing and licensing lifestyle collections of contemporary apparel and accessories for men, women and children. The lines include full collections of denim and cotton clothing, including jeans, pants, overalls, skirts, dresses, shorts, blouses, shirts, jackets and knitwear. It also grants licenses to manufacture and distributes a range of products that complement its apparel lines, including eyewear, watches, handbags, footwear, kids' and infants' apparel, leather apparel, swimwear, fragrance, jewelry, intimate apparel and other fashion accessories. The entire report on Guess?, Inc. (NYSE: GES) is available here: www.WorldStreetFundamentals.com/ViewFullReport.138.php.

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