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Looking for Good Buys in Retail Stocks

Thursday, 7 Jun 2007 | 4:26 PM ET

Two retail analysts, Kimberly Greenberger from Citigroup and Christine Chen from Needham, discussed the outlook for retail stocks on “Power Lunch.”

“Consumers are consolidating mall trips but are spending more time and money while they are there,” said Greenberger. “If tailors cannot capitalize on the consumer traffic in their stores, then they’re losing business.”

Mixed May Bouquet
The detail on retail, with Kimberly Greenberger, Citigroup retail analyst; Christine Chen, Needham & Company LLC specialty retail analyst and CNBC's Bill Griffeth

Chen said that housing prices, especially in the West and Southeast, could be having a negative impact on lower-income consumers.

Greenberger recommended stocks such as TJX, Pacific Sun, Urban Outfitters and Coach while Chen also suggested Urban Outfitters and Guess.

  Price   Change %Change
COH
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ALINS
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TJX
---
URBN
---

Stocks that both didn't like included Ann Taylor, Abercrombie & Fitch and Gap.

  Price   Change %Change
XXICM
---
ANN
---
GPS
---
  Price   Change %Change
GES
---
COH
---
URBN
---
TJX
---
GPS
---
ANF
---
ANN
---

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Kenny Polcari