Retail is on the rebound.
The SPDR S&P Retail ETF (XRT), which tracks the group, rallied almost 8% last week, fueled by gains in names including Etsy, Best Buy, Gap and Ross Stores. Etsy shares advanced by more than 20% last week.
With consumers becoming more cost-conscious, investors might want to consider buying into some of the discount retailers ahead of the holidays, Chantico Global CEO Gina Sanchez said Friday on CNBC’s “Trading Nation.”
