GUCCI STOCK FALLS DESPITE UP MARKET

NEW YORK — Shares of Gucci Group fell for the second straight day despite sharp gains in the broader market.
Several retailers and vendors jutted upward as the Dow Jones Industrial Average climbed 253 points to 11,119. But Gucci fell 5 3/16 to 83 15/16 after dropping 5 7/8 Wednesday — an 11.6 percent two-day slide. On Wednesday, Gucci reported a 47.2 percent hike in fourth-quarter profits but told analysts its recently acquired Yves Saint Laurent and Sergio Rossi businesses were underperforming. Donaldson Lufkin & Jenrette cut the stock to “market perform” from “buy.”
On the plus side, Kenneth Cole Productions, which said Saks Fifth Avenue chairman Philip Miller joined its board, climbed 1 7/8 to 58 7/8, an all-time high. Other gainers were Benetton Group, 1 1/4 to 39 7/16; Estee Lauder, 1 7/8 to 50 3/8, and Steve Madden, 1 1/4 to 18 1/4.
Movado Group slipped 11/16 to 10 1/18 after sliding 6 1/2 points Wednesday when it announced a fourth-quarter loss.
Retail stocks were mixed, with declines seen by Wal-Mart Stores, 1 3/8 to 54; American Eagle Outfitters, 2 1/16 to 34 9/16; Ames, 1 3/4 to 23 5/16, and Bebe Stores, 1 1/2 to 13 1/4.
Shares of Federated slid 11/16 to 39 13/16 while naming Jeffrey Sherman, president of Bloomingdale’ss, as chairman and chief executive of its catalog and e-commerce division. William J. Lansing, chairman of its Fingerhut unit, plans to leave the company
On the plus side were Nordstrom, 2 15/16 to 27 9/16; Target Corp., 1 5/16 to 68; Kohl’s Corp., 1 3/8 to 94 1/8; Tiffany, 2 3/16 to 74 1/16; Pacific Sunwear, 1 7/8 to 33 1/4; Wet Seal, 1 1/8 to 16 1/4, and Urban Outfitters, 1 1/4 to 14. Among cyber-stores, Alloy Online gained 1 33/64 to 18 and Styleclick.com, 1 5/16 to 12 15/16. But Snowball.com, a teen site that went public Tuesday, dropped 1 1/16 to 11/12.

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