NEW YORK (TheStreet) -- LJ International (JADE), G-III Apparel Group (GIII - Get Report) and China Xiniya Fashion (XNY) are among eight consumer stocks with potential upside ranging between 13% to 80% in the next 12 months, according to analysts polled by Bloomberg.

Consumer spending, which accounts for 70% of overall economic activity in the U.S., now fuels a major portion of economic growth. During March 2011, daily consumer spending in stores, restaurants, gas stations, and online averaged $64 per day as compared to $61 in February and $58 in January. Broadly, upper income spending averaged around $108 per day in March against $99 in the same month a year ago.

Additionally, consumer credit for February increased at an annual rate of 3.8%, the fifth consecutive monthly rally. Total consumer borrowing in February rose to $2,419.6 billion from $2,412 billion recorded in January.

Statistics from the National Retail Foundation show the retail industry sales growing at 4% from 2010 levels, led by a better-than-expected holiday season and strong sales growth. The data show that retailers who are able to grow volumes by ensuring footfall, cutting costs and warding off competition will have the competitive advantage. Moreover, with 2010 ending on strong comparable store sales for most retailers, the stage is set for growth in 2011.

8. Iconix Brand Group ( ICON - Get Report) is a brand management company engaged in the licensing, marketing and providing trend direction for a portfolio of owned consumer brands. Among the several brands it owns, Iconix also owns product categories like apparel, footwear, sportswear, and fashion accessories.

For full year 2010, the company reported 3.1% increase in its total revenue to $900 million on a constant currency basis. Meanwhile, during the year, net new business awards stood at $1.05 billion leading to a book-to-bill ratio of 1.16 times. As of December 31, 2010, net cash stood at $256 million as compared to $194 million as of December 31, 2009.

The company guides 2011 revenue in the range of $945 to $980 million, or 5%-9% growth. Meanwhile, non-GAAP diluted earnings per share are seen in the range of $1.53 to $1.58, while GAAP diluted EPS is expected between $1.4 and $1.45. Also, free cash flow for the year is estimated between $160 and $165 million. However, the company's forecasts exclude acquisitions. In terms of expansion, the company's agreement with India-based Arvind Limited for its Mossimo brand will increase store count to 500 from 170 in 2011.

Of the seven analysts covering the stock, 71% recommend a buy while the remaining rate a hold. There are no sell ratings on the stock. Analysts polled by Bloomberg expect the stock to gain an average 13.4% to $24.7 in the upcoming 12 months.

7. R.G. Barry ( DFZ) is a developer and marketer of accessory footwear. The company serves a range of North American retailers of all size and retail categories with its family of licensed brands. Its principal brands include Angel Treads, Dearfoams, DF, DF Sport, Terrasoles, and Utopia by Dearfoams. The company develops and sources more than 25 million pairs of accessory footwear annually.

For full year 2010, Barry's net sales increased 8.8% from 2009 levels. Earnings per share rose 31% to 85 cents during the same period. In addition, at the end of 2010, backlog orders increased to $33.4 million from $19.3 million in 2009.

After the deal with luxury insoles maker Foot Petals in January, R.G.Barry recently entered into a definitive agreement to purchase the principal assets of Portland-based Baggallini, a handbag and travel accessories marketer. The transaction was valued at $33.75 million and the handbag maker will operate as a wholly owned subsidiary of R.G. Barry. The company expects the two acquisitions to provide an immediate boost to sales and profit margins and make the business less reliant on a single shopping season.

Analysts covering the stock, recommend a buy. Data from Bloomberg has analysts forecasting the stock gaining 15.2% to $14 in the upcoming 12 months.

6. G-III Apparel Group ( GIII - Get Report) designs, manufactures and markets a range of outerwear, sportswear and dresses under its licensed, own and private labels. The company operates in three segments: wholesale licensed apparel, wholesale non-licensed apparel, and retail operations.

For full year 2010, the company reported 32.8% increase in its net sales to $1.06 billion as compared to 2009. In a record performance, for the first time, the company crossed the $1 billion mark in net sales. Net income for the year increased to $56.7 million or $2.88 per share from $31.7 million or $1.83 per share in the previous year.

For the upcoming first quarter, net sales are seen coming in at $195 million as compared to $154.3 million in the year-ago quarter. For the full year, the company estimates net sales of almost $1.2 billion. Net income is forecast in the range of $64.5 and $66.5 million, or between $3.15 and $3.25 per diluted share. Meanwhile, EBITDA is pegged at 14% to 18% from the previous year.

Of the seven analysts covering the stock, 86% recommend a buy while the remaining rate a hold. There are no sell ratings on the stock. Analysts polled by Bloomberg expect the stock to gain an average 16.6% to $44.3 over the next 12 months.

5. Rocky Brands ( RCKY - Get Report) is a designer, manufacturer and marketer of footwear under a portfolio of brand names including Rocky, Georgia Boot, Durango, Lehigh, Mossy Oak, Michelin and Dickies. The company distributes its products through its 10,000 retail stores and other distribution channels in the U.S. and Canada

For full year 2010, the footwear maker reported 10.2% increase in its net sales to $252.8 million as compared to the previous year. Meanwhile, net income stood at $7.7 million or $1.14 per share as against $1.2 million or 21 cents in 2009. Moreover, customers welcomed Rocky's new product launches and brand extensions, thereby expanding demand and leading to a profitable 2011.

The company is focusing on longer-term strategic goals and recently announced appointments to key positions. Rocky is keen to explore international markets to build brand awareness for its products. The company expects its new international sales president to boost sales outside the U.S.

Analysts covering the stock recommend a buy. Analysts polled by Bloomberg expect the stock to gain an average 22.1% to $19 over the next 12 months.

4. Hanesbrands ( HBI - Get Report), a consumer goods company, owns a portfolio of apparel brands in six segments - innerwear, outerwear, hosiery, direct-to-consumer, international, and other. The company engages in designing, manufacturing, sourcing and selling a range of apparel essentials.

For full year 2010, the company reported earnings per share of $2.16 as compared to 54 cents in 2009. Revenues were up 11.2% to $4.33 billion from the previous year levels. At the end of the year, cash and cash equivalents stood at $43.6 million while inventories increased 26% to $1.3 billion. During 2011, the company expects double-digit growth in revenue in the range of $4.85 to $5.0 billion and earnings per share between $2.60 and $2.80. Hanesbrands plans to increase prices in 2011, as higher cotton prices are cutting into its profitability.

Naturally Advanced Technologies (NAT) recently agreed to a 10-year CRAiLAR fiber purchase agreement with Hanesbrands that will commercialize NAT's proprietary flax fibers. The company recently launched its new store in Atlantic City taking total its stores owned to more than 200. Besides, Shapiro Capital Management has reported a 5.56% stake worth $135 million in Hanesbrands.

Of the 10 analysts covering the stock, 80% recommend a buy on it while the remaining suggest a hold. There are no sell ratings on the stock. Analysts polled by Bloomberg expect the stock to gain an average 25.4% to $34.0 in the upcoming 12 months.

3. Joe's Jeans ( JOEZ) is a designer, developer and marketer of products including denim jeans, related casual wear and accessories. The company sells its products through retailers including department stores, specialty stores and distributors worldwide, and through its retail stores.

For full year 2010, the company's revenue increased 23% as compared to 2009 levels. During the year, with stores increasing from 6 to 17, the company's retail business increased 173% from the previous year. The company is scheduled to release its first quarter 2011 earnings on April 11, 2011.

With 17 retail stores, 4 full-price stores and 13 outlet locations, the company is planning 9 additional outlet stores for 2011. In addition, to augment its sales volumes, the company plans to focus on e-commerce as another direct-to-consumer channel.

Of the four analysts covering the stock, 25% recommend a buy on it while 50% rate a hold. Analysts polled by Bloomberg expect the stock to gain an average 78.6% to $2.0 in the upcoming 12 months.

2. LJ International ( JADE), a vertically integrated company, designs, brands, markets, distributes and retails a range of fine jewelry. In the Asia-Pacific region, the company conducts its jewelry retail business under the brand ENZO with major focus on China. In the North American region, its activities center on wholesale marketing and its marketing relationship with International Jewelry Connection.

For full year 2010, surpassing the company's guidance, revenue was up 27% to $140.5 million from the previous year with the retail segment contributing 55%. Meanwhile, net income for the year stood at $13 million or 49 cents per fully diluted share, up from $3.7 million or 15 cents per share in 2009. At the end of 2010, the company opened a net 38 stores taking the total count to 133. Moreover, the company closed the year with a strong balance sheet aided by almost $38 million fresh capital from two new bank credit lines and a private placement share issue during the fourth quarter 2010.

Looking ahead, the company plans to own 200 ENZO stores by the end of 2011. For first quarter of 2011, the company estimates revenue and net income at $40 million and $3 million, an increase of 48% and 60% from the year-ago quarter, respectively. Retail and wholesale revenue are seen soaring 52% and 44% year-over-year to $25 and $15 million, respectively.

The two analysts covering the stock recommend a buy. Analysts polled by Bloomberg expect the stock to gain an average 79% to $7.0 over the next 12 months.

1. China Xiniya Fashion ( XNY) is engaged in the designing and manufacturing of men's business casual and business formal apparel and accessories. It markets its products under the Xiniya brand through its network of 26 distributors and 24 department store chains. The company has over 1,300 authorized retail outlets owned and managed by third parties across China.

For full year 2010, the company reported 33.8% increase in its revenue to $136.3 million, coming in at the higher end of its guidance. Revenue growth was led by a 10% volume growth and a 21.6% increase in average selling price. Net profit soared 29.8% from 2009 levels. Additionally, ahead of its original planned increase of 180-200 new outlets in 2010, the company's authorized retail network added 223 new retail outlets.

Looking ahead, the company estimates revenue for the first quarter to increase by 29% to 39% in local currency, as compared to the year-ago quarter. Earnings per share are seen at 8 to 9 cents. For the first half of 2011, the company guides revenue between 27% and 30% as compared to first half of 2010. Meanwhile, the company plans to increase its retail store count to 180 to 220.

All the four analysts covering the stock recommend a buy. Analysts polled by Bloomberg expect the stock to gain an average 79.8% to $8.0 in the upcoming 12 months.

>>To see these stocks in action, visit the 8 Consumer Stocks With High Buy Ratings portfolio on Stockpickr.