Retail stocks were generally trading higher on Monday, along with the rest of the market, but a few names stood out. Macy’s (M), for one, said its Black Friday crowd in Manhattan was 40% larger than normal (hey, they had a commercial featuring Justin Bieber). Shares rose 4.7% on Monday.
Luxury retailers also had a strong day Monday. Saks (SKS) rose 5%, Tiffany (TIF) was up 5.9% and Coach (COH) jumped 6.7%.
Department stores and lower-priced retailers didn’t do quite as well, with Target (TGT) rising just 0.8%.
Cyber Monday, the day of online shopping deals, was also apparently a hit this year, with retailers expected to post $1.2 billion in sales, against $1.02 billion last year, according to comScore.
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