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The positive forecasts for online sales indicate increased spending, benefiting XRT. Historical trends show that strong holiday sales often correlate with rising ETF values in the retail sector.
What happened, with direct paths to the underlying reporting
Holiday online sales expected to reach $253.4 billion, up 5.3% YoY. Cyber Monday sales projected at $14.2 billion, increasing 6.3% YoY. Mobile shopping will account for 56.1% of online sales, a record high. Generative AI traffic in retail anticipated to rise 520% YoY. Buy Now, Pay Later services expected to generate $20.2 billion online.
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