Retail sales report could create ripple of worry

|By:, SA News Editor

A disappoint read on retail sales from April's report could reset some expectations in the sector after analysts overestimated consumer demand.

The electronics and appliance store category (RSH, BBY, CONN, WHR) saw sales fall 2.3% M/M and 1.5% Y/Y.

Clothing and clothing accessory stores (AEO, GPS, BKE, TLYS, ANF, ANN, LB, ARO, GES, CATO) registered a 1.2% M/M and 1.1% Y/Y gain in sales which didn't show the snap-back from soft winter traffic patterns forecast by some.

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