STOCK RALLY: As the Dow Jones Industrial Average rose above 13,000 — reaching a new high — retail shares ended Wednesday up. The Dow finished the day at 13,089.89, gaining 1.1 percent. The S&P Retail Index clocked an increase of 1.3 percent to 529.05. The Dow was buoyed by earnings that were ahead of Wall Street estimates from several companies, including Boeing Inc. and PepsiCo Inc. Retail shares that benefited from the rally included those of Federated Department Stores, which rose 1.2 percent to $45.08. Notable gains were made in the specialty channel with Cato Corp. rising 2.5 percent to $22.62 and Caché jumping 1.2 percent to $17.42. Wal-Mart Stores rose 0.3 percent to $48.81.

GUESS BOARD NOMINATION: Guess Inc. has nominated Judith F. Blumenthal, a professor at the University of Southern California's Marshall School of Business, to serve on the company's board. Los Angeles-based Guess said Blumenthal would replace Karen Neuburger, the founder of an eponymous clothing brand. Neuburger notified the company on April 10 that she didn't want to stand for reelection, according to Securities and Exchange Commission filings. Shareholders will vote on Blumenthal's election for a three-year term at the annual meeting on June 18. The board has eight members.

DRADDY TO POLO: Polo Ralph Lauren Corp. has appointed Billy Draddy vice president of women's and men's golf and tennis, a new post. He comes from Hickey Freeman, where he last was vice president of design and where he launched the "hickey" label, geared to a contemporary consumer. Draddy, based in New York, will focus on strategic global growth of the divisions.

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