Retail Winners & Losers: PetSmart, DSW

NEW YORK (TheStreet) -- Retailers are losing some of their gains from earlier this week, but amid the red there are two very big gainers.

Shoestore DSW(DSW Quote) is soaring 14.3% to $20.19 after the company boosted its full-year outlook.

DSW now expects to earn between 70 cents and 80 cents a share, up from a prior forecast in the range of 37 cents to 45 cents a share.

The company attributed the revision to better-than-expected sales, but still remains cautious for the fourth quarter.

PetSmart(PETM Quote) also lifted its guidance for the third quarter and full year, resulting in shares soaring 7.6% to $25.23 in afternoon trading.

The pet-products retailer said better profit margins and lower-than-expected expenses will put earnings between 25 cents and 29 cents in the third quarter, up from a prior forecast in the range of 20 cents to 24 cents a share. For the full year, the company now expects to earn $1.43 to $1.51 a share, surpassing previous guidance of $1.37 to $1.45 a share.

Other notable gainers include Netflix(NFLX Quote), which is up 4.6% to $50.33, Walgreen(WAG Quote), which is rising 2.3% to $39.62, and Big Lots(BIG Quote), which is climbing 2.5% to $27.29.

But most companies within the sector aren't as lucky. Target(TGT Quote) is down 2.2% to $50.20, Macy's(M Quote) is 2.7% lower, to reach $20.16, Ross Stores(ROST Quote) is falling 2.5% to $45.20, Amazon.com is down 1.9% to $95.60 and OfficeMax(OMX Quote) is losing 3.4% to $13.60.

-- Reported by Jeanine Poggi in New York

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