Since the holiday shopping season officially kicked off on Black Friday, retail exchange traded funds (ETFs) have built on the gains they’ve made for much of this year. But what’s left when the rush wears off?
Consumers are certainly feeling positive about the strides the economy has made in recent weeks as a gauge of U.S. consumer sentiment shows upbeat numbers. According to MarketWatch, the gauge climbed to 74.5 in late December, which is an improvement for the time being , yet lower than pre-recession levels.
Stores are taking retail strategies a step further and pulling our all stops in an effort to get customers to spend. Andria Cheng for MarketWatch reports that the industry’s busiest spending period is proving to be a lucrative one. [How Mind Games Could Boost Retail ETFs.]
Areas seeing increased growth include online sales, up 13.5% season to date. Apparel sales were up 9.8%. Jewelry sales rose 2.6% while luxury-sector sales, excluding jewelry, climbed 2.8%. [Shopping the Retail ETFs.]