Detroit- The New York retailer which used to be a subsidiary of Macy's has seen its stock rise by more than 30% in the month of September. Investors were encouraged by the companies same store sales growth by 3% and total sales growth of 9% for the month of September. This ended the negative sentiment which had surrounded the stock since mid July when the stock plummeted from $32 to nearly $20. Investors often trade retail companies on their monthly sales reports and often bury a company for what is seen as a bad report and over extend companies following what as seen as a good report.
We have recommended Aeropostale since August 31, as investors sold the stock lower.
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