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Retail Sales Numbers After Christmas


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%.


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