By  on July 28, 2009

Retail shares limped into the final week of July with a 1.1 percent decline Monday and lagged the market, which managed a modest rise and was buttressed by an uptick in new home sales.

The S&P Retail Index fell 3.75 points to 347.64, but is still within striking distance of its high for the year, 356.17, reached Thursday. The Dow Jones Industrial Average started off the week with an increase of 0.2 percent, or 15.27 points, to 9,108.51 — the third consecutive close above 9,000.

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