Retail Losers: Under Armour, Saks

NEW YORK (TheStreet) -- Retailers are wearing red as disappointing housing data weighs on investors.

The S&P Retail Index is falling 1.8% to 382.23 in afternoon trading, after the Commerce Department said new home sales slipped unexpectedly by 3.6%, the first decline since Mach.

Under Armour(UA Quote) is one of the day's biggest losers, plunging 12.6% to $25.56, after being downgraded by Needham to underperform from hold.

While the athletic footwear and apparel maker reported third-quarter earnings that beat expectations on Tuesday, it released a full-year outlook that implied slower sales for the rest of the year, including the holiday season.

Lululemon Athletica(LULU Quote), which sells yoga-inspired apparel, is giving up its gains from earlier this week, tumbling 7.7% to $25.75.

On Monday, the company raised its full-year outlook, which sent shares rising more than 10% during the week.

Women's retailers are also among the day's biggest decliners, as AnnTaylor Stores(ANN Quote) tanks 7.3% to $13.35, Chico's(CHS Quote) declines 6.9% to $12.18 and Talbots(TLB Quote) fumbles 8.3% to $9.30.

Other notable decliners include Saks(SKS Quote), which is sinking 7.8% to $5.44, OfficeMax(OMX Quote), which is falling 7.9% to $10.30, RadioShack(RSH Quote), which is declining 4.7% to $17.18 and Rite Aid(RAD Quote), which is losing 7.9% to $1.23.

Even those with some good news, like Target(TGT Quote), which was upgraded earlier today, are barely climbing. After Citi upgraded the discounter to buy from sell, it's up a mere 0.2% to $48.53 in afternoon trading.

-- Reported by Jeanine Poggi in New York

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