Seeking Alpha

ICSC: Retail sales momentum to roll on in August

  • ICSC says the pace of retail sales growth will stay strong in August.
  • The research firm thinks back to school spending is more back-end loaded this year and retail sales will benefit from increased consumer confidence in the economy.
  • Though some big-name retailers such as Costco and Target have missed sales marks this week, there's also been some surprises from mall retailers and restaurant chains.
  • Related ETFs: XLY, XRT, VCR, RTH, RETL, IYK, IYC, FXD, SCC, FDIS, UCC, PMR, UGE, RCD, SZK
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