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Consumer Spending Not Hurting Retail ETFs

Benzinga.com
0 Comments| March 19, 2015

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Huge expectations for last year's holiday season had many of the country's largest retailers trading near all-time highs in late 2014. After disappointing holiday sales numbers and a brutal winter, U.S. retail sales fell in February for the third month in a row.

The Commerce Department reports that retail sales fell by 0.6 percent in February, following a decline of 0.8 percent in January and 0.9 percent in December. The numbers were a surprise to most analysts that predicted a rise in employment and foresaw lower gas prices boosting spending.

The Retail Situation

However, not all retailers have been feeling the effects of slowing retail sales. Discount stores such as Burlington Stores Inc (NYSE: BURL), Dollar Tree Inc. (NASDAQ: DLTR) and Target Corporation (NYSE: TGT) are trading near all-time highs.

Additionally, not all retailers are joining the rally, as Wal-Mart ...

/www.benzinga.com/etfs/sector-etfs/15/03/5341083/consumer-spending-not-hurting-retail-etfs alt=Consumer Spending Not Hurting Retail ETFs>Full story available on Benzinga.com

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