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Will retailer gains drive M&A?

New York - (TheDeal.com) - As retailers gear up for what they hope is a busy holiday weekend, the market is celebrating the gains achieved by some leading companies. In the first quarter, Sears Holding Co. (NASDAQ:SHLD) earned $26 million, compared to a $56 million loss in the same period in 2007; Aeropostale Inc. posted net income of $31.7 million, up from $17.5 million in 2007; and Gap Inc. (NYSE:GPS) managed to top Wall Street expectations by a penny, despite seeing earnings dip to $215 million from $249 million a year earlier.

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