Opinions on retail sales are differing with today's Redbook report on chain store sales...
Mar 26 2013, 09:28 ET
Opinions on retail sales are differing with today's Redbook report on chain store sales indicating consumers are stocking up on spring goods while ISCS-Goldman warned earlier that a batch of winter storms is keeping sales of spring goods lower. The contradicting views follows a familiar path in retail with some analysts seeing the glass half-full (consumer confidence up) and others half-empty (paychecks lower). The tale of the tape shows retail mildly underperforming broad market indexes: S&P Retail ETF (XRT) +7.6% YTD vs. S&P 500 +8.8%.