RETAILERS SLIP AS DJIA GAINS

NEW YORK — The stock market rallied Tuesday, but retail stocks never got wind of it.
The Dow Jones Industries gained 78 points to 8178.31, approaching its all-time high of 8259.31 set on Aug. 6, but retail stocks took a beating, as Wal-Mart Stores reported September sales that came in at the low end of expectations (see related story, this page.) Other retailers, most of which will report September sales on Thursday, are expected to disappoint.
Wal-Mart stock dipped 5/16 to 36 9/16. Point-plus losers included Dayton Hudson, 2 3/16 to 60 1/8; Dillard’s, 1 1/2 to 41 3/8; Gap, 1 13/16 to 49 3/8; J.C. Penney, 1 1/8 to 58 15/16; Proffitt’s, 1 3/8 to 58, and Talbots, 1 1/16 to 17 11/16. Nordstrom lost 1 to 61 3/4.
Among the fractional losers: Federated Department Stores, 7/16 to 41 7/8; May Department Stores, 11/16 to 53 1/4; Sears, Roebuck, 1/2 to 55 13/16, and TJX Cos., 3/8 to 30 13/16.
Apparel stocks didn’t fare much better than their retail customers. Liz Claiborne was off 15/16 to 56 1/4; Jones Apparel Group eased 3/16 to 56 3/16, and Tommy Hilfiger dipped 15/16 to 47 13/16.
However, there were some gainers. VF Corp. added 15/16 to 93 11/16; Nautica was up 1/2 to 29 3/4, and Warnaco inched up 1/16 to 32 1/2.

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