This Mother’s Day, many husbands and children are going to honor their moms with electronics. Children and spouses are expected to spend $906 million on consumer electronics for Mom this Mother’s Day, a 5.7 % increase over last year, says Alan Wolf for Twice.
This comes as great news for the retail sector and ETFs, many of which had been hitting three-year highs. [Why Retail ETFs are Rallying.]
Whether you purchase an iPad, sweater or perfume for your mother, or significant other, you can bet that you’ll be adding to the retail rally. [Why are Consumers Gloomy?]
Happy Mother’s Day from ETF Trends!
For more stories about retail, visit our retail category.
- SPDR S&P Retail (NYSEArca: XRT)
- Retail HOLDRs Trust (NYSEArca: RTH)
The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.