NEW YORK (
) -- If you are looking to find a recovery in retail, women's apparel retailer isn't the place to look.
Most women's clothiers recorded a loss during their second quarter or missed Wall Street's forecast.
They Just Don't Get Chico's!
New York & Company
said Wednesday that it swung to a loss in its second quarter, but results matched analysts' expectations, sending shares up 3% to close at $4.91.
The company recorded a quarterly loss of $4.8 million, or 8 cents a share, compared with a profit of $8.8 million, or 14 cents, in the year-ago period.
Revenue declined 16% to $247.8 million from $295.7 million, while same-store sales sank 16.4%.
But like many of its rivals, analysts say the company is improving its merchandise.
also reported a loss of $4.9 million, or 5 cents a share, compared with a profit of $3.1 million, or 3 cents, in the second quarter last year.
But even though the loss was in line with analysts' view, shares plunged 8% to $6.61 in after-market trading.
Sales slipped nearly 7% to $225.2 million from $241.4 million and total same-store sales tanked 10.2%.
swung to a second-quarter loss , but it too beat expectations and raised guidance.
On the flip side, plus-size retailer
moved into the black in its second quarter, but results were below analysts' expectations.
As a result, shares of the company, which operates Lane Bryant, Fashion Big and Catherines stores, declined 2% to end the day at $5.32.
While the company managed to earn $5 million, or 4 cents a share, despite slumping sales, results missed analysts' expectations of 7 cents a share before items. These results are compared with a loss of $10.7 million, or 9 cents, last year.
Sales dropped 19% to $527.2 million, while total same-store sales declined 14%.
So far the only real
. The company managed to more than double its quarterly profit and post a sales increase.
-Reported by Jeanine Poggi in New York.