NEW YORK (TheStreet) -- Shares of several retail stocks hit 52-week highs as a rebounding economy and job market coincided with improving earnings.
The following retail stocks hit 52-week highs on Thursday: TJX (TJX), Lululemon (LULU), Macy's (M), Dillards (DDS), Under Armour (UA), Express (EXPR), Target (TGT), Hot Topic (HOTT), Foot Locker (FL).
ITG analyst Linda Tsai said she thinks retailers such as the ones that hit a 52-week high Thursday have been working on cutting costs, which is catching the attention of investors. She noted that for some retailers, the cost of goods in the second half of 2012 will be lower than it was the previous year.
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