Retail Losers: Wal-Mart, Rite Aid

NEW YORK (TheStreet) -- A boost in consumer sentiment was overshadowed by disappointing durable goods and new-home sales data, making investors less optimistic then shoppers.

Retail shares were in the red Friday afternoon, with the S&P Retail Index down 1.4% to 372.52.

Even Wal-Mart Stores(WMT), whose stock price has remained relatively stable this summer, saw a 2% decline to $49.61. Rival Target(TGT) followed suit, declining 3% to $46.34.

Rite Aid(RAD) continued on its losing streak, tanking 6% to $1.61, a day after it said it swung to a quarterly loss and lowered its full-year outlook.

Jewelers Tiffany(TIF) and Zale(ZLC) lost some of their glimmer. Tiffany sank 1.5% to $36.24, and shares of Zale were off 4% to $7.01.

Other notable decliners included Saks(SKS), which slumped 3% to $6.73; OfficeMax(OMX), which slipped 3% to $12.35; Abercrombie & Fitch(ANF), which fell 2% to $31.80; and Bed Bath & Beyond(BBBY), which was down 2% to $36.92.

But some retail stocks were on the upswing. The biggest gainer was Finish Line(FINL), which reported on Thursday that it swung to a quarterly loss.

But the company also said it expects the red ink to ease and sales comparisons to become easier in the second half of the year, an outlook that sent shares of the sneaker retailer soaring 12% to $10.39.

Rival Foot Locker(FL) saw its stock price rise 4% to $11.82 in afternoon trading, while Nike(NKE) gained 1% to $58.81. Buckle(BKE), meanwhile, once again spiked 7% to $33.72, feeding off a special one-time dividend of $1.80 a share, announced earlier this week, which came on top of its regular quarterly dividend.

-Reported by Jeanine Poggi in New York.

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