Seeking Alpha

ICSC: It's not all stormy weather in retail

  • ICSC attributes the weekly dip in retail sales to weather patterns, but a few bright spots did emerge.
  • Despite slow traffic patterns, categories which showed strength included wholesale clubs (WMT, COST, PSMT) and furniture stores (LZB, ETH, HVT, PIR, BBBY)
  • For the full month, the research group sees monthly comparable-store sales growth of between 3.0% and 3.5%. That mark reps solid sales growth for the period compared to prior forecasts, although ICSC warns the figure could change again with the weather.
  • Related ETFs:  XLY, XRT, VCR, RTH, RETL, IYK, FXD, FDIS, PMR, UGE, RCD, SZK, PEZ, PSCD
  • ICSC PR
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