By  on March 9, 2010

A year after the market bottomed out, investors are ready to believe in a retail rebound.

Shares in the industry are still rushing ahead. The S&P Retail Index inched up 0.4 percent Monday to 436.89 — a level not seen since December 2007 — and Abercrombie & Fitch Co., J. Crew Group Inc., Macy’s Inc., Limited Brands Inc. and Nordstrom Inc., to name but a few, all reached 52-week highs. Retail shares hit their recession low of 207.49 in November 2008, while the Dow Jones Industrial Average marks a year since its nadir today.

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