- Retail ETFs are getting harder hit than the market as a whole as a slew of profit and sales warnings pile up with the XCR XChange Conference in full swing.
- While data reads showing weak store traffic and heavy promotions in the sector during the holiday shopping season have been out for a few weeks, there have also been a few surprises on the low-end with discounters and with high-end apparel sellers which has chipped away at trust in Q1 retail sales.
- What to watch: A report of December retail sales is due out tomorrow. To take a pulse on the sector, back out automobiles, housing-related purchases, and furniture to see what kind of growth rate survives. The number could come in flat.
- Related ETFs: XLY, XRT, VCR, RTH, RETL, FXD, PMR, FDIS, RCD, PEZ, PSCD
Retail ETFs feeling some pain
Jan 13 2014, 15:13 ET