Seeking Alpha

Retail read: Holiday season sales rose 2.3%, jewelry outperforms

  • Holiday sales rose this year by 2.3% to easily top last year's 0.7% rise, according to fresh data from MasterCard Advisors. The mark falls short of the early projections from ShopperTrak and the NRF.
  • Jewelry (ZLC, SIG, NILE, TIF) and children's clothing were two categories that showed strong gains.
  • The shift to online channels was pronounced this year with mall traffic slow.  Online sales for the holiday season were up at a double-digit pace, but also fell short of some forecasts.
  • Related ETFs: XLP, XLY, VDC, XRT, VCR, ECON, IPD, KXI, BJK, RTH, PBJ, RETL, PEJ, IYK, FXG, IPS, IYC, SCC, FXD, RXI, UCC, RHS, PMR, UGE, EMCG, FDIS, RCD, PSL, FSTA, PSCC, SZK, PEZ, PSCD, EMDI, AXDI, AXSL
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Comments (2)
  • BruceInKY
    , contributor
    Comments (433) | Send Message
     
    As a retailer with improved sales but increased costs and pass-along-price increases since last year I declare this, at best, a zero-sum read.
    28 Dec 2013, 12:21 AM Reply Like
  • Moon Kil Woong
    , contributor
    Comments (11158) | Send Message
     
    Jewelry gains were the results of cheap gold and silver, everything else is probably the result of inflation.
    28 Dec 2013, 02:41 PM Reply Like
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