Underlying retail sales look strong for November

Dec. 16, 2020 8:45 AM ETSPDR S&P Retail ETF (XRT)XLY, RTH, VCR, AMZN, XRT, RCD, FXD, RETL, FDIS, W, ETSY, JHMC, ISHP, EMTY, WANT, CHWYBy: Clark Schultz, SA News Editor20 Comments
  • Retail sales fell 1.1% M/M in November during a month that saw many Black Friday shopping events pushed to earlier on the calendar in a pandemic adjustment which impacted the month-to-month comparison. Retail sales actually rose 4.1% on a Y/Y comparison. After stripping out auto and gas, retail sales were 5.9% higher compared to a year ago.
  • Categories with strength included building materials (+18.7% Y/Y), grocery stores (+10.5%) and sporting goods (+19.6%). Weakness was seen in the clothing store (-16.1%), department store (-19.0%) and food service (-17.2%) categories.
  • Once again, the nonstore retailer category shined, with sales up 29% Y/Y. That means more market share for Amazon (NASDAQ:AMZN), Etsy (NASDAQ:ETSY), Wayfair (NYSE:W), Chewy (NYSE:CHWY) and gang.
  • ETFs: XLY, XRT, VCR, FDIS, RTH, RETL, EMTY, WANT, FXD, RCD, JHMC, FTXD.
  • Previously: Core retail sales unexpectedly drop nearly 1% in November

Recommended For You

Comments (20)

To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.