Stein Mart (SMRT - Get Report)was spiking 9.8% to $9.68, as fourth-quarter profit easily topped forecasts. During the quarter the department store earned 32 cents a share on an adjusted basis, better than the 21 cents Wall Street predicted. But sales fell short, with Stein Mart raking in $336.7 million, less than the $339.9 million analysts expected.
Coldwater Creek (CWTR)is continuing on its decline a day after reporting it widened its loss in its fourth quarter. During the three-month period women's apparel retailer lost $37 million, or 40 cents a share, compared with a loss of $9.7 million, or 11 cents, in the year-ago period. Sales also fell nearly 21% to $252.1 million. Analysts were calling for a loss of 26 cents a share on revenue of $282.8 million. Coldwater Creek, which was tumbling 8.3% to $2.67, was also pulling down shares in other stocks in the sector, including New York & Co. (NWY - Get Report), which is off 3.3% to $5.51 in morning trading. Have questions or comments about retail stocks? Drop an e-mail or Tweet http://twitter.com/jpoggi. --Written by Jeanine Poggi in New York. >To contact the writer of this article, click here: Jeanine Poggi. >To follow the writer on Twitter, go to http://twitter.com/jpoggi. >To submit a news tip, send an email to: email@example.com.