With the holiday shopping season winding down and amid a triple digit drop for the Dow Jones Industrial Average , more than half of the Amplify Online Retail ETF (IBUY) is in positive territory in Monday trading. Gap Inc. (GPS), TJX Cos. (TJX), Lululemon Athletica Inc. (LULU), Amazon.com Inc. (AMZN), Macy's Inc. (M) and Best Buy Co Inc. (BBY) are each up about 1%; Abercrombie & Fitch Inc. (ANF) is up 2.4%; American Eagle Outfitters Inc. (AEO) is up 3.2%. Many retailers are offering free last-minute buy-online-pickup-in-store service on Christmas Eve, with Amazon pushing Prime membership up to Christmas day, and others pushing gift cards as a final option. The Amplify Online Retail ETF is down 6.6% in 2018 while the Dow Jones Industrial Average has falled 10.1% for the period.
-Tonya Garcia; 415-439-6400; AskNewswires@dowjones.com
(END) Dow Jones Newswires
December 24, 2018 10:47 ET (15:47 GMT)
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