NEW YORK (
) -- Dismal July same-store sales at retailers were not enough to scare off investors on Friday.
The International Council of Shopping Centers said comparable sales during the month tumbled 5%, and more than a handful of companies
Amid the disappointing numbers, there were some signs of hope for the second quarter.
American Eagle Outfitters
were among some of the companies that actually raised guidance for the upcoming quarter, giving hope to investors.
The S&P Retail Index rose nearly 4% Friday afternoon to 372.69.
Some of the biggest winners were in the department store sector, with
shooting up 10.5% to $5.88,
soaring 8.5% to $34.10,
jumping 9% to $30.50 and
growing 6% to $15.90.
Other notable gainers included
, which increased 6% to $27.95,
Pacific Sunwear of California
, which grew 10% to $3.74,
, which spiked 9% to $12.68 and
, which shot up 9% to $31.95. Shares of drugstore
also received a 7% boost to $1.67.
-- Reported by Jeanine Poggi in New York.
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