NEW YORK (
) -- Here's a look at retail stocks that are in focus on Tuesday.
is one of the day's biggest gainers, with shares surging 16.8% to $50.43, after the footwear retailer reported better-than-expected first-quarter profit and raised its full-year outlook.
MKM Partners also upgraded the stock to buy from neutral, saying sales momentum will continue as DSW receives a boost from trendy merchandise and growth in its men's footwear category.
During the quarter, DSW earned 85 cents a share on revenue of $503.6 million, while analysts were calling for a profit of 75 cents on revenue of $486.5 million.
Looking ahead, management foresees 2011 earnings in the range of $2.65 to $2.80 a share, from prior forecast of $2.60 to $2.75.
received a boost after the company announced that Neil Austrian will become the company's permanent CEO.
Austrian had been serving as interim chief executive since Steve Odland abruptly resigned about seven months ago. Prior to Odland taking the helm in 2004, Austrian also served as interim CEO.
Shares of Office Depot climbed 4.2% to $4.19 in afternoon trading.
( HOTT) are also leading the retail gainers. Both companies reported better-than-expected
Shares of Hot Topic rose 4.3% to $7.52, and Zumiez was up 7.5% to $30.74.
But women's apparel retailers continue to lag.
plunged 8.7% to $1.90, continuing to take a hit after it issued a first-quarter warnings last week.
The company said that it expects a loss between 32 cents and 36 cents a share, significantly more than Wall Street's estimates of a loss of 16 cents.
also fell 4.2% to $3.90,
was down 1.5% to $14.22 and Ann was off about 1% to $28.15.
--Written by Jeanine Poggi in New York.
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