Coldwater Creek (CWTR) is giving hope to the moribund women's apparel space.
The specialty retailer reaffirmed its second-quarter outlook of a loss between 5 cents and 7 cents a share, but said it is starting to see some improvement in business trends as shoppers are responding to its summer collection.
Coldwater Creek expects net sales between $215 million and $220 million, down from the $241.4 million it reported a year ago.
The news sent shares of the company up 9% to $6.15 in morning trading and other women's apparel retailers followed suit. Shares of
climbed 13% to $9.71,
jumped 4% to $10.56 and
New York & Company
grew 11% to $3.51.
was also up 7% to $4.37 after analyst Jennifer Black, from the firm bearing her name, said the retailer's new catalog showed much improvement. She said Talbots is currently one of her top stock picks.
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