Retail Losers: Sears, Walgreen, Crocs

In its first quarter, Williams-Sonoma earned 23 cents a share on an adjusted basis, nearly double Wall Street's consensus of 12 cents a share.

American Apparel(APP) shares were recovering some of Wednesday's steep losses. The company hit a new 52-week low during the previous session, but was surging 8.6% Thursday midday to $1.77. The retailer said it had received a delisting warning, may not be in compliance with a covenant under its credit agreement, and widened its first-quarter loss.

Children's retailers Gymboree(GYMB) and Children's Place (PLCE) were also edging higher Thursday after both reported better-than-expected first-quarter earnings.

While Gymboree released a second-quarter outlook that fell short of estimates, Children's Place lifted its full-year forecast to range that could top expectations.

GameStop(GME) were gaining ground. The video-game reatailer's first-quarter results also beat analysts' predictions.

During the quarter GameStop earned $75.2 million, or 49 cents a share, while sales grew 5% to $2.08 billion. This is the first time sales topped $2 billion in a non-holiday period.

Still, GameStop said it expects second-quarter earnings in the range of 25 cents to 27 cents a share, just shy of the consensus target of 29 cents.

--Reported by Jeanine Poggi in New York.

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