Market Currents
Retail ETFs (XRT, XLY, PMR, RTH) suddenly look a bit more attractive with a rush of department...
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Thursday, February 7, 9:14 AM ETRetail ETFs (XRT, XLY, PMR, RTH) suddenly look a bit more attractive with a rush of department stores reporting stronger-than-expected January same-store sales. Though part of the gains were from a calendar effect and pent-up demand due to the fiscal cliff drama, in the larger context key firms (JWN, M, URBN) are proving that their omni-channel approach to sales through seamlessly tying in mobile devices to web and brick-and-mortar strategy is working.
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