Data indicate RTH could be poised to finish the year on a strong note. Challenger, Gray & Christmas Inc. expects retailers’ seasonal hiring levels could hit 800,000 for the first time since the dotcom boom while the Hay Group calculates that 24% of companies plan to hire more full-time staff in 2014, compared to 13% last year.
The retail workforce build-up ahead of the holiday season potentially indicate that retailers are more optimistic over the expanding economy and consumers’ potential spending power this year.
Market Vectors Retail ETF
ETF Trends editorial team contributed to this post.