Two weekly retail sales figures were released today that gave us insight into the week after the Christmas Holiday.
The Redbook Chain Store Sales were up 1.6% versus last year. Last week the number showed an increase of 1.9% year over year.
The ICSC Retail Store Sales were up 1.5% versus the week earlier and up 2.3% over the year earlier.
Both numbers were stronger than most expected and the HOLDRS Retail ETF (RTH) is up 0.25% after an hour of trading, in-line with the overall market.
Two Electronic Retailers doing well today are RadioShack (RSH) up 8.2% on an upgrade and Best Buy (BBY) bouncing 3.2%. |