RETAIL ENJOYS STOCK BOOM

NEW YORK — Retailers shared in the beneficial bounce Monday as the Dow Jones Industrial Average climbed 165 points, or 1.5 percent, to 10,947. The Nasdaq was up 19 points, less than 1 percent, to 2490.
Showing particular strength were specialty retailers, followed by department stores and mass discounters. A few vendors also managed some gains, but not as much as the retailers as a group.
Top gainers in the specialty performers were: Gadzooks Inc., up $1.63, or 9.3 percent, to $19.13; Christopher & Banks, up $3.16, or 7 percent, to $48.56; Talbots, up $3.49, or 7.4 percent, to $50.55; and Pacific Sunwear, up $2.06, or 6.7 percent, to $32.81. Also showing strength were American Eagle Outfitters, up $2.13, or 3.9 percent, to $57.38; Abercrombie & Fitch, up $1.26, or 4.3 percent, to $30.52; Cato Corp., up $1.06, or 6 percent, to $18.88; Chico’s FAS Inc., up $1.94, or 5.2 percent, to $39.50; Hot Topic Inc., up $1.31, or 4.9 percent, to $28.13, and Neiman Marcus, up $1.67, or 4.4 percent, to $39.46;
In the department store group, Dillard’s was up $1.26, or 7.4 percent, to $18.30; Federated Department Stores rose $2.35, or 5.7 percent, to $43.50; Kohl’s was up $3.75, or 5.7 percent, to $69.50; The May Department Stores Co. gained $1.78, or 4.9 percent, to $37.99; Sears, Roebuck & Co. was up $1.17, or 3.14 percent, to $38.47; Target gained $2.20, or 6.5 percent, to $36.15, and Wal-Mart Stores increased by $3.05, or 6.1 percent, to $53.45.

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