Firms are already experiencing a dip in discretionary spending.
“Consumer sentiment is guarded at best,” Wyman T. Roberts, chief executive officer and president of Brinker International Inc. (EAT), said in the article. “While employment rates are showing signs of improvement, casual dining in particular is being impacted by struggles many young adults are facing.”
Some retail sector ETFs include the SPDR S&P Retail ETF (NYSEArca: XRT), Market Vectors Retail ETF (NYSEArca: RTH) and PowerShares Dynamic Retail Portfolio (NYSEArca: PMR). Year-to-date, XRT is up 32.8%, RTH gained 35.2% and PMR rose 38.9%.
For more information on the retail sector, visit our retail category.
Max Chen contributed to this article.