By  on August 3, 2009

Retail stocks more than held their own last month, outpacing the market and rising 9.9 percent, but the sector still faces slowing consumer spending and rising unemployment.

The S&P Retail Index advanced 32.08 points for the month to 354.63, as the Dow Jones Industrial Average increased 8.6 percent, or 724.61 points, to 9,171.61.

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