Apparel Companies Pave Way for Strong Sales, Earnings, and New Collection - Research Report on Michael Kors, Chico's FAS, DSW, ANN, and Wet Seal

NEW YORK, June 3, 2013 /PRNewswire/ --

Today, Wall Street Reports announced new research reports highlighting Michael Kors Holdings Limited (NYSE: KORS), Chico's FAS Inc. (NYSE: FAS), DSW Inc. (NYSE: DSW), ANN INC. (NYSE: ANN), and Wet Seal Inc. (NASDAQ: WTSL). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.

Michael Kors Holdings Limited Research Report

On May 29, 2013, Michael Kors Holdings Limited (Michael Kors) released its Q4 and full-year FY 2013 results (period ended March 31, 2013). Net sales were up 59.1% YoY to $577.4 million in Q4 FY 2013 and grew 69.3% YoY to $2.1 billion in full-year FY 2013. Net income was up 131.8% YoY to $101.1 million in Q4 FY 2013 and grew 169.8% YoY to $397.6 in full-year FY 2013. "Fiscal 2013 was another outstanding year for Michael Kors with continued momentum into the fourth quarter reflecting advances on our key growth strategies. Our jet-set luxury accessories and ready to wear are resonating with consumers worldwide and we are excited by our prospects for future growth," said John D. Idol, Chairman and CEO of Michael Kors. The Full Research Report on Michael Kors Holdings Limited - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.WSReports.com/r/full_research_report/00fc_KORS]

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Chico's FAS Inc. Research Report

On May 29, 2013, Chico's FAS Inc. (Chico's FAS) released its Q1 FY 2013 results (period ended May 4, 2013). Total net sales were up 3.1% YoY to $670.7 million. Gross margin was up 2.2% YoY to $386.8 million. GAAP net income was down 4.7% YoY to $51.1 million. GAAP diluted EPS was down 3.1% YoY to $0.31. During the period, the Company repurchased 3.4 million shares for $60 million. Also, Chico's FAS opened 46 new stores, including two Boston Proper boutiques, during Q1 FY 2013. The Full Research Report on Chico's FAS Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.WSReports.com/r/full_research_report/49a5_CHS]

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DSW Inc. Research Report

On May 29, 2013, DSW Inc. (DSW) released its Q1 FY 2013 results (period ended May 4, 2013). Net sales were up 7.7% YoY to $601.4 million. Net income was down 13.5% YoY to $34.5 million. Diluted EPS from continuing operations was down 12.8% YoY to $0.75. Mike MacDonald, President and CEO of DSW, commented, "DSW's first quarter performance demonstrated remarkable execution flexibility in a time of unprecedented swings in weather patterns. Our merchandising and supply chain teams were able to adjust merchandise receipts in weather sensitive categories while continuing to support trending categories with fresh product flow. We were pleased with the strong sales rebound in the final four weeks of the quarter that allowed us to minimize our comparable sales decline and exit the quarter with well positioned inventories." The Full Research Report on DSW Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.WSReports.com/r/full_research_report/ed35_DSW]

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ANN INC. Research Report

On May 13, 2013, ANN INC. (ANN) launched the exclusive summer 2013 Kate Hudson for Ann Taylor collection. The limited-edition collection was inspired by Hudson's red-carpet glamour and love for fashion. Ann Taylor hosted a White Party at Ann Taylor stores nationwide on May 22, 2013 to celebrate Hudson's first fashion collaboration. The first clients to purchase a piece from the capsule collection during the in-store event received an Ann Taylor gift card, courtesy of InStyle. "It was such an honor when they asked me to come back for the campaign and to work on a collection inspired by my personal style. We have a great relationship - it's really fun. I love how Lisa Axelson, Ann Taylor Creative Director, picked up on my style and helped turned it into a very chic, incredibly wearable collection," said the prominent American actress, Kate Hudson. The Full Research Report on ANN INC. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.WSReports.com/r/full_research_report/841a_ANN]

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Wet Seal Inc. Research Report

On May 28, 2013, Wet Seal Inc. (Wet Seal) released its Q1 FY 2013 results (period ended May 4, 2013). Net sales were down 5.1% YoY to $140.4 million. Net income was $3.1 million, or $0.03 per diluted share, compared to a net loss of $0.3 million, or $0.00 per diluted share in Q1 FY 2012. John D. Goodman, CEO of Wet Seal, said, "We are pleased with the operating and financial momentum we're beginning to experience." Goodman continued, "We have made good progress in a short period of time throughout the organization. Our teams have executed well and delivered improvement in virtually every aspect of the business, including product, inventory management, merchandising, marketing, in-store presentation and customer engagement. This allowed us to exceed our financial guidance in the first quarter and forecast a return to positive comp store sales earlier than planned in the second quarter of 2013." The Full Research Report on Wet Seal Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.wsreports.com/r/full_research_report/b3e4_WTSL]

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SOURCE Wall Street Reports

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