RETAIL, APPAREL RISE WITH MARKET

NEW YORK — Led by the popular high tech sector, the Dow Jones Industrials rose 139 points Tuesday to close comfortably over 8000 at 8060.44. Apparel and retail stocks were generally on the same bandwagon.
Jones Apparel Group, on the heels of strong quarter earnings, gained 1 15/16 to 51 1/2 (see related story this page), and Liz Claiborne, expected to report its third quarter today, moved up 1 3/8 to 53 3/16 in anticipation of good results.
The designer group was also strong. Donna Karan international rose 1/2 to 16; Polo Ralph Lauren added 3/4 to 25 7/16; Tommy Hilfiger was up 1 1/4 to 46 9/16; Gucci Group picked up a point to 43, and St. John Knits added 13/16 to 42 7/8.
At the retail level, point-plus gainers include Dress Barn, 1 1/16 to 23 1/8; Dayton Hudson, 1 3/4 to 60 3/4; The Gap, 1 9/16 to 52; Kohl’s, 2 7/16 to 66 13/16; May Department Stores, 1 3/8 to 54 1/4; Mercantile Stores, 1 1/16 to 62 9/16; and TJX Cos., 1 3/4 to 30 3/4. Fractional gainers included Ann Taylor, 3/16 to 15 3/8; Neiman Marcus Group, 11/16 to 35 3/8; Saks Holdings, 15/16 to 23 5/16; and Nordstrom, 5/8 to 62 3/4. Even Sears Roebuck, which has been falling like a stone since it reported last week that it was having problems with credit card delinquencies, managed to gain 1/4 to 45 7/8.

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