By  on April 27, 2009

Retail stocks rose 2.7 percent Friday, cementing the sector’s seventh-straight week on the rise despite continued concerns about shoppers and sales.

The S&P Retail Index increased 8.90 points to 338.23 for the day and advanced 1.7 percent for the week. The Dow Jones Industrial Average fell 0.7 percent for the week to close at 8,076.29.

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