Retail Sales May Point To Holiday Cheer

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The ICSC-Goldman Store sales were lower in the October 18 week, down 0.3 percent from the previous week and the lowest rate since May. Strength was seen in electronic and apparel stores, and a positive outlook for holiday spending was given based on lower gasoline prices. Redbook painted a more upbeat picture of retail sales, as cool boosted apparel sales in the October 18 week. This helped move Redbook's same-store sales to 4.1 percent versus 3.8 percent in the prior week. The report mentions Halloween falls on a Friday this year, a benefit to last minute holiday shopping. October is tracking flat to September at only a plus 0.1 percent month-to-month gain. Shares in the Retail ETF
RTH
are up 1.95 percent at 63.01.
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