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Belk, Skechers Lead Apparel Stocks in April

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Shares in Belk soared last month on hopes that the company might be up for sale, while Skechers jumped on better-than-expected market share gains and Iconix tanked on fears of accounting irregularities.

Apparel retail stocks fell by an average of 1.2% in April, lagging the Dow Jones Industrial Average, which edged up by 0.4 percent in the month.

Read more at Sourcing Journal.

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