Publish date:

Retail Sector Wildly Mixed on Weak June Sales

June sales were up modestly during the first week, as retailers face difficult comparisons, cooler weather and higher gas prices.

If March comes in like a lion and goes out like a lamb, then June has come in anemic bunny, perhaps?

Sales for the first week of the month rose .2%, according to the International Council of Shopping Centers and Goldman Sachs. "As weather turned cooler than last year, gasoline prices continues to inch higher and the industry faced tax-rebate-inflated sales comparisons, the fiscal month of June began on a soft note on a week-over-week," Michael P. Niemira, ICSC chief economist, said in a statement.

On a year-over-year basis, however, sales actually declined .8%, the largest dip in five weeks.

ICSC expects June sales -- which no longer include

Wal-Mart Stores

(WMT) - Get Walmart Inc. Report

, which is now refusing to make their monthly same-store sales figures public -- will be down 4% to 5%, compared with the 4.6% decline in May.

Shares of retailers were mixed in morning trading.

Men's Wearhouse




(MOV) - Get Movado Group, Inc. Report

topped New York Stock Exchange's list of biggest advancers.

Men's Wearhouse soared 16% to $20.70, after the company reported on Monday that it beat the composite first-quarter earnings forecast and its affiliate

acquired bankrupt Filene's Basement


The company's profit was nearly halved in the quarter to $5.3 million, or 10 cents a share, far surpassing analysts' expectations of a penny loss.

Movado also posted a

smaller-than-expected loss

this morning, which sent shares soaring 18% to $9.55.

Women's apparel retailer


TheStreet Recommends


shot up 6% to $5.28, despite

posting a $23.6 million loss

in the first quarter and reporting the elimination of 20% of its staff.

But investors are still reeling over Monday's announcement that Talbots was finally able to

shed its flailing J.Jill chain.

Other big gainers include



, which jumped 8% to $8.74, department store


(DDS) - Get Dillard's, Inc. Class A Report

, which grew 5% to $9.79 and Children's Place, which increased 4% to $31.89.

Among the biggest losers of the day is



, which has plunged 18% to $2.96. On Monday the company said it swung into profit in the second quarter, but negotiated a new $150 million loan and $200 million credit facility at higher rates.

Rite Aid

(RAD) - Get Rite Aid Corporation Report

also tumbled 7% to $1.53 a day after the drugstore announced a

new refinancing plan

to help pay off its mountains of debt. The company will report first-quarter results on June 24.

Copyright 2009 Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed. AP contributed to this report.