MARKET UPSWING BUOYS RETAIL

NEW YORK — Investors were feeling more bullish about retailers Wednesday, in anticipation of August sales reports due today, and it reflected the general mood of the market, as the Dow Jones Industrial Average raced ahead 108.60 points to 10,937.88 after four days of declines.
Specialty stores, which are being forecast to outpace the rest of the retail pack, were particularly strong, with notable gains from Ann Taylor, up 2 to 35 1/8; Bebe Stores, 7/8 to 24 7/8; Claire’s Stores, 1 7/16 to 20 7/16; Pacific Sunwear Stores, 1 1/4 to 24 1/2, and Abercrombie & Fitch, 2 3/16 to 37 7/16.
American Eagle Outfitters, which after the market closed reported same-store sales in August hopped up 24 percent, picked up 3 1/8 to 42 3/8. Intimate Brands rose 1 15/16 to 40 5/16 after reporting a 17 percent same-store sales gain, while its parent, The Limited, added 1 7/16 to 39 1/8;
Other retail gainers included Federated Department Stores, up 1 3/8 to 47 3/8; J.C. Penney, 1 7/8 to 38 1/8; Kohl’s Corp., 2 1/2 to 73, and Shopko, 7/8 to 29 15/16. Vendors getting a boost included Nike, up 2 7/16 to 49 3/16; Gucci Group, 1 3/8 to 85 1/8, and Jones Apparel Group, 1 5/16 to 27 1/4.