Mississauga, ON -- (SBWIRE) -- 06/18/2015 -- AllPennyStocks.com Media, Inc. (http://www.AllPennyStocks.com/) announces its latest article titled "RYU Apparel Provides Update on Flagship Store."
Companies mentioned in this article include Nike (NYSE:NKE), Lululemon Atheltica (NASDAQ:LULU), Under Armour Inc. (NYSE:UA) and RYU Apparel Inc. (TSX-Venture:RYU).
Article Excerpt:
According to Fortune magazine, the increasing demand for activewear has lifted sales for makers of clothing and the retailers that sell it. Indeed, the sports apparel market is seen as the fastest growing area within the apparel market.
Fortune notes in its December article that the sports apparel market is doing better than the overall retail industry. Commenting on the boom in the activewear market, Marshal Cohen, analyst at NPD, told Fortune that consumers are drawn to its comfort and versatility, and the fact that it still makes a fashion statement.
Fortune notes that the industry's sales results prove the trend. Nike (NYSE:NKE) saw its sales in North America jump an impressive 14% for the six-month period ending in November 30, 2014. Sales at Lululemon Atheltica (NASDAQ:LULU) and Under Armour Inc. (NYSE:UA) have also been impressive.
The impressive performance is also reflected in the performance of shares of many of these companies. For example, the past year has seen UA shares gain more than 40%. Nike shares are up 39%. LULU shares have been one of the best performers, gaining nearly 69%.
Nike, Lululemon and Under Armour are of course among the biggest names in the North American activewear market. But there are also a number of smaller players that are looking to capitalize on the increasing demand for activewear. One such company is RYU Apparel Inc. (TSX-Venture:RYU), a Vancouver-based company.
The full version of this article can be found at:
http://www.allpennystocks.com/aps_ca/special-reports/513/ryu-apparel-provides-update-on-flagship-store.htm
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