Zacks Industry Outlook Highlights: J. C. Penney, Build-A-Bear Workshop and Apple PR Newswire CHICAGO, Nov. 23, 2012 CHICAGO, Nov. 23, 2012 /PRNewswire/ -- Today, Zacks Equity Research discusses the U.S. Retail, including J. C. Penney Co. Inc. (NYSE:JCP), Build-A-Bear Workshop Inc. (NYSE:BBW) and Apple Inc (Nasdaq:AAPL). (Logo: http://photos.prnewswire.com/prnh/20101027/ZIRLOGO ) A synopsis of today's Industry Outlook is presented below. The full article can be read at Link: http://www.zacks.com/stock/news/87304/retail-industry-stock-outlook-nov-2012 Uncertain and sluggish economic conditions continue to weigh upon the retailers, indicating a grim outlook in terms of profitability and consequent growth. However, continuous efforts on their part to offer innovative products and value pricing have been paying off in an economy which is still in the doldrums. It is still a tough time for retailers, who are using all their resources in order to combat the sluggishness. According to the U.S. Census Bureau, the U.S. retail and food services sales declined 0.3% from the prior month sales to $411.6 billion in October. The "Re" is Back in Retailing 'Transformation' is the new mantra for the retailers. Despite rapid technological advancements, which are influencing consumer behavior, the retail industry continues to reinvent, redesign and revitalize its physical store formats to maintain their dominance. Of late, retail giants including Best Buy Co. Inc., Target Corp., J. C. Penney Co. Inc. (NYSE:JCP) and Build-A-Bear Workshop Inc. (NYSE:BBW) are focused on revisiting and re-evaluating conventionality and traditional business traits, while also envisioning its brick-and-mortar store merchandise offerings. Additionally, these companies continue to actively re-engineer and re-tool various systems and processes. Moreover, the retail groups are coming up with strategic initiatives to boost operating efficiencies, drive growth and enhance shareholder's value. Most retailers are focusing on abridging costs drastically to ensure competent operating channels. We believe that such measures are necessary to gain competitive advantage over peers. However, focus on improving the top line should be prioritized to accelerate long-term growth. The above mentioned traits are evident from the efforts of J. C. Penney, which has left no stone unturned to bring the company back on the growth trajectory. Management has taken up everything from implementation of new pricing strategy, fresh logo and strategic merchandise and cost reduction initiatives, while enhancing the shopping experience of customers. Moreover, the leading specialty retailer of consumer electronic products -- Best Buy intends to get rid of stores that are not contributing to its growth, while modifying others are also on the cards. The company plans to transform its big-box format to a big profit center by redesigning its prototype stores to mimic Apple Inc's (Nasdaq:AAPL) retail store format. About Zacks Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978 by Leonard Zacks. As a PhD from MIT Len knew he could find patterns in stock market data that would lead to superior investment results. Amongst his many accomplishments was the formation of his proprietary stock picking system; the Zacks Rank, which continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit from the Pros at http://at.zacks.com/?id=4581. Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release. Follow us on Twitter: http://twitter.com/zacksresearch Join us on Facebook: http://www.facebook.com/ZacksInvestmentResearch Disclaimer: Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security. Media Contact Zacks Investment Research 800-767-3771 ext. 9339 email@example.com http://www.zacks.com SOURCE Zacks Investment Research, Inc. Website: http://www.zacks.com
Zacks Industry Outlook Highlights: J. C. Penney, Build-A-Bear Workshop and Apple
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