FTXD - U.S. Retailers Set Promotions For An Unusual Black Friday

November, 26 2020 06:12 AM First Trust Nasdaq Retail ETF

Many retailers are hoping that this year's Black Friday/holiday promotions will help them back into the black.
Currently, many retailers are promoting new item-level markdowns, to give shoppers first dibs on merchandise they've had their eyes on.
What's surprising is the amount of discounting among luxury retailers during the 2020 pandemic - the highest levels seen since 2016.
The Refinitiv SSS index is expected to see a 6.4% gain in Q4 2020 (Exhibit 8). A 3.0% SSS reflects healthy consumer spending.

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Company Name:	First Trust Nasdaq Retail ETF
Stock Symbol:	FTXD
Market:	NASDAQ