By  on January 12, 2010

Retail stocks took a drubbing Monday, sliding 0.8 percent on what was generally an up day for the markets. But a number of fashion firms, Phillips-Van Heusen Corp. included, raised quarterly profit guidance, noting business has been better than expected.

The S&P Retail Index fell 3.25 points to 413.64, while the Dow Jones Industrial Average advanced 0.4 percent, or 45.80 points, to 10,663.99 as investors digested a rise in Chinese exports and anticipated fourth-quarter results from aluminum maker Alcoa Inc., which reported a smaller loss after the markets closed.

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