S&P/ASX 200 Index (ASX: XJO) consumer discretionary shares led the 11 market sectors last week with a 3.61% gain.
Meanwhile, the ASX 200 Index drifted 0.73% lower to finish at 8,764.2 points on Friday.
Economic data released last week suggests the Reserve Bank (RBA) may keep interest rates on hold for a while.
Unemployment fell 0.1% to to 4.4% and annual inflation dropped 0.2% to 4% in May, according to the Bureau of Statistics.
Commonwealth Bank of Australia (ASX: CBA) economist Ashwin Clarke said a 1.3% increase in household spending last month "surprised markets to the upside".
Analysts are pricing in an 81% chance that the RBA will keep interest rates on hold at the next meeting on 11 August.
This is why ASX 200 retail shares outperformed their peers last week.
Let's take a look at some individual company performances.
Image source: Getty Images
Consumer discretionary shares led the ASX sectors last week
The Wesfarmers Ltd (ASX: WES) share price rose 5.81% to finish at $90.74 on Friday.
Shares in gaming technology company Aristocrat Leisure Ltd (ASX: ALL) lifted 6.81% to $58.69.
The Lottery Corporation Ltd (ASX: TLC) share price rose 1.26% to $5.63.
The JB Hi-Fi Ltd (ASX: JBH) share price ascended 4.98% to $81.84 on Friday.
Guzman Y Gomez Ltd (ASX: GYG) shares increased 7.42% to $20.27.
Temple & Webster Group Ltd (ASX: TPW) shares ripped 8.64% to $6.16.
The Harvey Norman Holdings Ltd (ASX: HVN) share price rose 1.04% to $4.88.
Super Retail Group Ltd (ASX: SUL) shares finished the week steady at $13.12.
ASX 200 travel share Flight Centre Travel Group Ltd (ASX: FLT) managed a 0.52% lift to $11.99.
Shares in Premier Investments Ltd (ASX: PMV) rose 2.45% to $14.65.
Myer Holdings Ltd (ASX: MYR) shares rose 6.9% to close the week at 31 cents per share.
The Breville Group Ltd (ASX: BRG) share price inched 0.38% ahead to $31.43.
Not all ASX 200 retail shares followed the trend.
The Light & Wonder Inc (ASX: LNW) share price tumbled 13.68% to $110.78.
Eagers Automotive Ltd (ASX: APE) shares dropped 4.5% to $21.43 apiece.
Lovisa Holdings Ltd (ASX: LOV) shares eased 0.68% to $23.25.
ASX 200 market sector snapshot
Here's how the 11 market sectors stacked up last week, according to CommSec data.
Over the five trading days:
| S&P/ASX 200 market sector | Change last week |
| Consumer Discretionary (ASX: XDJ) | 3.61% |
| Consumer Staples (ASX: XSJ) | 3.26% |
| Utilities (ASX: XUJ) | 2.42% |
| Healthcare (ASX: XHJ) | 1.64% |
| A-REIT (ASX: XPJ) | 1.62% |
| Industrials (ASX: XNJ) | 1.31% |
| Financials (ASX: XFJ) | (0.02%) |
| Communication (ASX: XTJ) | (1.22%) |
| Materials (ASX: XMJ) | (4.06%) |
| Energy (ASX: XEJ) | (4.13%) |
| Information Technology (ASX: XIJ) | (5.19%) |
