ICSC: 3.5% pace for retail sales in June


ICSC forecasts comparable-store sales for retail chains will increase by 3.5% Y/Y in June.

The pace is slightly less than the snap-back from a slow Q1 that some analysts forecast.

The read on June from the research firm is that wholesale clubs (WMT, COST, PSMT) and furniture stores (PIR, BBBY, LZB, ETH, RH, HVT, KIRK, WSM) showed "outstanding strength" for the first full week of the month.

Related ETFs: IYK, UGE, SZK

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