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phil
April 22nd, 2014 at 8:08 pm
Retail sales in focus
11:07 AM ET · XLY
• ICSC expects monthly retail comparable-store sales to increase 3.5% to 4.0% in April compared to last year.
• The forecast accounts for a slow start to the period of warmer weather and the late Easter this year which is a boost for April sales.
• What to watch: Reports on retail sales for April indicate some pent-up demand from a slow Q1 has been unleashed. Analysts think the readings on the first few weeks in May could be the most critical of the year in determining if U.S. consumers are willing to come back out in force.
• Related ETFs: XLY, XRT, VCR, RTH, RETL, FXD, FDIS, PMR, RCD, PEZ, PSCD
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