By and  on October 23, 2009

Retail stocks rebounded from two days of losses and rose 1.7 percent Thursday as investors saw better times ahead in corporate earnings and leading economic indicators.

The S&P Retail Index advanced 6.40 points to 389.68. J. Crew Group Inc. led all stocks tracked by WWD with a 15.2 percent increase in its shares, to $43.49, after it raised its third-quarter guidance. Also gaining strongly for the day were Charming Shoppes Inc., up 8 percent to $5.80; Saks Inc., 6.8 percent to $6.57, and Aéropostale Inc., 5.2 percent to $43.19.

To Read the Full Article

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus