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MarketWatch MarketPulseSep 17, 2019
There is 'unprecedented uncertainty' about the coming holiday season: AlixPartners
Global consulting firm AlixPartners forecasts holiday retail sales will rise 4.4% to 5.3% this year, in line with a bullish Deloitte forecast. However, AlixPartners experts are taking a more cautious stance ahead of the November-through-January shopping period. "'Unprecendented uncertainty' might be the best term to use to characterize this upcoming holiday season," said Joel Bines, global co-leader of the AlixPartners retail practice , in a statement. "From on-again, off-again tariffs, to a growing chorus concerned about a recession, a looming election and geopolitical uncertainty, this season is unlike any in recent memory." Bines said AlixPartners is telling clients to "be nimble." The ProShares Decline of the Retail Store ETF has inched up 0.1% for the year to date. The Amplify Online Retail ETF [S: ibuy] is up 26.1%. The SPDR S&P Retail ETF has gained 4.2% for the period. And the S&P 500 index is up 19.6% for the year to date.

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