This Day On The Street
Continue to site
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

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 - Get Report) 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 - Get Report) is falling 3.8% to $10.32 and Talbots (TLB) is dropping 5.5% to $10.28.

Supervalu (SVU - Get Report) 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 - Get Report) 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

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

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
Stocks Under $10

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
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!
SKS $0.00 0.00%
TLB $0.00 0.00%
ZUMZ $32.77 -5.72%
ANF $22.11 -3.41%
CHS $16.98 -2.13%


DOW 17,826.30 -279.47 -1.54%
S&P 500 2,081.18 -23.81 -1.13%
NASDAQ 4,931.8150 -75.9760 -1.52%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs