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Opening Glance: Specialty retailers rise on same-store sales

By Associated Press May 8, 2008

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Shares of specialty retailers rose in early trading Wednesday as investors digested April same-store sales results.

Retailers, in general, reported slightly better sales in April after months of dismal results. Discount chains and wholesale clubs performed particularly well as more consumers _ plagued by high gas and food prices and the weak housing market _ turned to lower-priced stores.

How some specialty retailers were trading:

OfficeMax Inc., up 4 cents to $18.75.

Lowe's Companies Inc. rose 12 cents to $25.05.

Gap Inc. jumped 37 cents, or 2 percent, to $18.61.

TJX Cos. Inc. climbed 8 cents to $31.83.

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DocumentId: 640541, ~/articles/articlehandler.aspx, 5/17/2008 5:35:33 AM

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