Retail numbers appear to be trending upward, a fact that was further illustrated by the recent success of the S&P Retail Index – and I don’t think we’ve seen these numbers peak just yet. In the latest edition of Retail Rap, I share my thoughts on this new-found stock market strength and how it could affect retail expansion plans in the future.
I’m sure I wasn’t the only person in the industry to raise an eyebrow when the S&P Retail Index notched an all-time high last month. Closing at $669.26 on Sept.14 to reach that milestone, the index has continued to creep up even further the last couple of weeks. A closer look at the stock market performance of the retail sector shows that both REITs and many individual retailers are continuing a strong positive trend—which makes sense, of course, because REITs will perform better in a strong retail environment when retailers are doing well.
Check out the full article from my recurring column, Retail Rap, at Chain Store Age.