The 2013 holiday season is just around the corner, and already the U.S. retail sector is gearing up for what could be another make-or-break year for many companies. Many retailers generate significant portions of annual revenues and profit during the holiday months of November and December, with Black Friday and Cyber Monday sales accounting for a significant portion of yearly revenue. And with markets continuing to push to record highs, companies are hoping to finish the year with some holiday cheer [see The Best (And Worst) Performing ETFs For Every Quarter]. A Modest Holiday Shopping Season According to the National Retail Federation, some 140 million shoppers are expected to visit stores and shop online during Thanksgiving weekend, a slight decrease from last year’s 147 million figure. The NRF has also reported that the average holiday shopper plans to spend only $737.95 this year, a 1.9% decline from last year’s $752.25 budget [see Select Sector SPDR ETFs Head-To-Head]. [...] Click here to read the original article on ETFdb.com. Related Posts: Retail ETFs In Focus Ahead Of Black Friday Mid Day Roundup: Markets Drift Higher On Mixed Data Shopping For A Retail ETF Judgment Day For Retail ETFs Direxion Launches Four New Leveraged ETFs
The 2013 holiday season is just around the corner, and already the U.S. retail sector is gearing up for what could be another make-or-break year for many companies. Many retailers generate significant portions of annual revenues and profit during the holiday months of November and December, with Black Friday and Cyber Monday sales accounting for a significant portion of yearly revenue. And with markets continuing to push to record highs, companies are hoping to finish the year with some holiday cheer [see The Best (And Worst) Performing ETFs For Every Quarter]. A Modest Holiday Shopping Season According to the National Retail Federation, some 140 million shoppers are expected to visit stores and shop online during Thanksgiving weekend, a slight decrease from last year’s 147 million figure. The NRF has also reported that the average holiday shopper plans to spend only $737.95 this year, a 1.9% decline from last year’s $752.25 budget [see Select Sector SPDR ETFs Head-To-Head]. [...]
Click here to read the original article on ETFdb.com.
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