NEW YORK (

TheStreet

) -- Retail stocks are mixed, as

personal income and spending grew more than expected,

and consumer sentiment came in ahead of forecasts, but ISM numbers slowed.

One of the biggest gainers so far in the retail space is

Gymboree

( GYMB), which is surging 16.4% to $48.33, after rumors surfaced the company might be putting itself up for sale. The

Wall Street Journal

reported Thursday evening that the children's apparel retailer could be looking to private investors, though no auction process is going on at this time.

The news is also leading up shares of rival

Children's Place

(PLCE) - Get Report

, which is gaining 4.5% to $50.86, in late-morning trading.

American Apparel

(APP) - Get Report

is also on the upswing after it announced that it amended its credit agreement, buying the troubled retailer some time. The amendment gets rid of the minimum consolidated earnings before interest, taxes, depreciation and amortization requirement through year's end. It also allows for the minimum consolidated EBITDA covenant to be tested each month in 2011.

American Apparel previously said that it might not have enough liquidity to continue operating, but now says it may have enough cash to remain afloat through the rest of the year.

Shares of American Apparel are spiking 16.3% to $1.43 in late-morning trading.

Borders

( BGP) is up 1.7% to $1.21, after shareholders approved a grant of warrants for 35.1 million shares to CEO Bennett LeBow, who invested $25 million in the company. The warrants would allow LeBow to more than double his stake in the company to 35%.

Netflix

(NFLX) - Get Report

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is slipping 4.7% to $154.56, after Susquehanna analyst Marianne Wolk, downgraded the stock to sell.

"Our downgrade is not a statement regarding the current quarter outlook, but simply that the risk/reward has gotten out of balance," she wrote in a note. Wolk said that Netflix's valuation is now 26% ahead of her target, which she raised to 20% just two months ago.

6

"After a spate of really good news, it is hard to imagine what is left in the way of potential positive catalysts," she wrote.

Amazon

(AMZN) - Get Report

was also downgraded due to high valuation on Friday, sending shares down 2.7% to $152.85. McAdams Wright Ragen analyst Dan Geiman cut the stock to hold, as Amazon's shares recently crossed his $140 threshold.

"We're still quite favorable on the company's prospects in the coming quarters, despite near-term headwinds related to marketing-related expenses supporting Kindle and ongoing investments to increase the company's fulfillment capacity, as well as more difficult sales and margin comparisons," Geiman wrote in a note.

Sears

(SHLD)

is in the red, falling 3.9% to $69.32, as experts deem the department store sector -- specifically

J.C. Penney

(JCP) - Get Report

and Sears -- is under pressure.

--Written by Jeanine Poggi in New York.

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