As they did through much of 2006, luxury department storesturned in a strong performance for the first month of the year.Saks Inc. rose 11.4%, Neiman Marcus was up 11.3% and Nordstromposted a 11.1% gain. Kohl's, with an 8.7% increase, ledconventional department stores, while Dillards continued lastyear's slide, falling 3%.
Apparel, up 3.3%, outdid last year's average monthly increase of1.1%. American Eagle Outfitters soared 17%, and Limited Brands wasalso up in double digits, hitting 11%. Gap Inc., with flat results,performed better than its monthly average slide of 6.3%.
Discounters, rising 2.6%, were just about in line with lastyear. Target posted a 5.1% gain, while Dollar General increased6.8%. Meanwhile, Wal-Mart inched up 1.9%, just higher last year'saverage.
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