This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Retail Stock Losers: Coldwater Creek, Supervalu

NEW YORK ( TheStreet) -- Retail stocks are in the red, outlooks from Apple (AAPL) and IBM (IBM) ignited worries.

Coldwater Creek (CWTR) is among the biggest decliners Tuesday morning, after the women's apparel retailer said it expects to report a loss in its third quarter.

The company now foresees a loss between 14 cents and 19 cents a share, from prior guidance of a profit between 1 cents and 4 cents. Coldwater is also predicting about a 20% plunge in same-store sales during the quarter.

Shares of Coldwater Creek are tumbling 32.1% to $3.64, and bringing down other women's apparel retailers. Chico's (CHS) is falling 3.8% to $10.32 and Talbots (TLB) is dropping 5.5% to $10.28.

Supervalu (SVU) is losing 14.4% to $10.59, after the grocer cut its full-year outlook and swung to a loss in its second quarter. The company now predicts 2010 earnings in the range of $1.40 to $1.60 a share, from previous forecast of $1.75 to $1.95.

Supervalu also reported a second-quarter loss of $1.47 billion, or $6.94 a share, compared to a profit of $74 million, or 35 cents, in the same period last year. Excluding a charge, the company actually earned 28 cents a share, a penny below Wall Street's estimates.

Teen retailers Zumiez (ZUMZ) and Abercrombie & Fitch are on a downswing following downgrades.

Zumiez was cut from buy to neutral by MKM Partners, while Abercrombie & Fitch was lowered to sell from hold by Brean Murray.

Shares of Zumiez are off 4.8% to $24.85 in morning trading and Abercrombie is slipping 3.7% to $43.92.

1 of 2

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,356.87 +288.00 1.69%
S&P 500 2,012.89 +40.15 2.04%
NASDAQ 4,644.3120 +96.4780 2.12%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs