INDUSTRY STOCKS RUN WITH BULLS

NEW YORK — The bull market rushed onward Monday, lifting many retail and apparel issues to greater gains.
Many department stores continued to win big in the recent rally, which Monday saw the Dow Jones Industrial Average jump 63.59 points to 5,600.15.
Gainers included Dillard Department Stores, up 2 7/8 to 34 3/4; Dayton Hudson Corp., 2 5/8 to 79 5/8; Federated Department Stores, 1 7/8 to 33 1/8; Kohl’s Corp., 3 3/8 to 63 5/8; Mercantile Stores Co., 1 5/8 to 55 5/8, and J.C. Penney Co., 1 1/2 to 50 1/4. Gap added 2 5/8 to 55 1/2, and Neiman Marcus Group, 3/4 to 21 1/4.
Ann Taylor Stores Corp. stock gained 1 1/2 points to 19 1/8 amid heavy trading, finishing off a hectic four-day push that has seen the stock soar 33 percent. A spokeswoman for Ann Taylor said the company knows of no reason for the stock’s movement. However, one rumor Monday was that the chain, trying to recover from a disastrous winter, was soon to benefit from an additional cash investment from Merrill Lynch, Ann Taylor’s largest single shareholder.
A few apparel manufacturers also flourished Monday. Gucci added 2 5/8 to 43 7/8; Liz Claiborne, 1 5/8 to 33 1/8; Nautica Enterprises, 1 3/8 to 43 5/8; VF Corp., 2 7/8 to 56 3/8 and Warnaco Group, 1 7/8 to 27 1/2.
Reebok International Ltd., rumored to be the recipient of a takeover offer from a German conglomerate, added 1 3/8 to 30 3/8.

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