By  on May 12, 2009

Retail stocks kicked off what should be a busy week with a 1.3 percent decline Monday as investors prepared for first-quarter profit reports.

The S&P Retail Index dipped 4.36 points to 327.87 as the Dow Jones Industrial Average fell 1.8 percent, or 155.88 points, to 8,418.77. International markets were also off, with the Hang Seng losing 1.7 percent in Hong Kong and the CAC 40 off 1.9 percent in Paris. Shares of PPR fell 7.1 percent to 59.26 euros, or $80.83, and LVMH Moët Hennessy Louis Vuitton decreased 2.3 percent to 59 euros, or $80.47.

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