By  on February 18, 2010

Gains in apparel and retail stocks outpaced the broader market on Wednesday, which got a boost from positive earnings and economic data.

Fashion investors were encouraged by upward adjustments in fourth-quarter earnings expectations from Perry Ellis International Inc. and Phillips-Van Heusen Corp. The overall market got better-than-expected results from Deere & Co., along with encouraging reports on housing starts and industrial production.

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