Eleven of thirteen retail sub-categories showed improvements, including electronics, clothing and furniture.
Store chain data for more than 20 companies tracked by Retail Metrics also increased 3.9% in March, higher than the 3.3% projections, as consumers took advantage of discounts and early spring shopping. Gap (NYSE: GPS) sales jumped 8% while Target (NYSE: TGT) and Macy’s (NYSE: M) both posted 7.3% gains.
Other related sector ETFs include:
- SPDR Consumer Staples Select Sector Fund ETF (NYSEArca: XLP)
- SPDR Consumer Discretionary Select Sector Fund ETF (NYSEArca: XLY)
- Vanguard Consumer Staples Sector ETF (NYSEArca: VDC)
- Vanguard Consumer Discretionary Sector ETF (NYSEArca: VCR)
SPDR S&P Retail ETF
For more information on the retail sector, visit our retail category.
Max Chen contributed to this article.