The retailpocolypse looks like it's wrapping up.
The S&P Retail ETF (XRT) - Get Report has climbed more than 4% over the course of the week on the heels of a solid first quarter earnings season for the sector. On Wednesday, the XRT was nearing its 52-week high of $49.09. In mid-afternoon trading, it was up nearly 0.3%, to $48.61.
Since Monday, the following stocks, which belong to the XRT ETF, have soared nearly 10% or more: Macy's Inc. (M) - Get Report , Guess Inc. (GES) - Get Report , Abercrombie & Fitch Co. (ANF) - Get Report , Action Alerts PLUS portfolio holding Kohl's Corp. (KSS) - Get Report , Express Inc. (EXPR) - Get Report and Dillard's Inc. (DDS) - Get Report .
On the flipside, the ProShares Decline of the Retl Store ETF (EMTY) - Get Report has declined over the past two days. EMTY is an ETF that focuses on the decline of the bricks-and-mortar stores that were going to be hit by online retail giants such as Amazon.com Inc. The ETF was started in 2017.
The increase in the XRT versus the decrease of EMTY might just be proof that retailers can make their way back from near doom. Sorry, Amazon.
In afternoon trading on Wednesday, Macy's was down 1.4%, Guess was down nearly 1%, Abercrombie was up more than 2%, Kohl's was up nearly 1%, Express was down 1%, and Dillards was down slightly.