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Retail Losers: Sears, Barnes & Noble

Retailers are in the red after disappointing consumer confidence data.



) -- Retailers are taking a blood bath after consumer confidence data for February came in significantly lower than expected.

The Consumer Conference Board said its confidence index dropped to a level oof 46 during the month, its lowest level in 10 months. This sent the S&P Retail Index falling 0.4% to 411.83 in afternoon trading.

The department store sector took a hit, even after several positive earnings reports.



, for one, said its profit more than doubled in its fourth quarter, its best quarterly profit in nearly three years.

The department store received a boost from its Kmart chain, which posted a sales gain for the first time since 2002.

Still, shares of Sears are slipping 1.4% to $94.28 in afternoon trading.

J.C. Penney

(JCP) - Get J. C. Penney Company, Inc. Report

is down 1.8% to $27.44 and



TheStreet Recommends

is off 1.6% to $6.97.


(M) - Get Macy's Inc Report

is the only store in the department-store sector that's in the green, after Macy's said it

returned to profit in the fourth quarter

. The company said it received a boost from its My Macy's localization initiative, a surge in online sales and a turnaround at its Bloomingdale's chain.

Macy'salso provided full-year earnings guidance in-line with analysts' estimates.

Shares of Macy's are inching up 0.7% to $18.60.

Barnes & Noble's

(BKS) - Get Barnes & Noble, Inc. Report

stock is also being weighed down after

the book retailer forecast weak sales and profit for the year


While Barnes & Noble did receive a boost in its third-quarter from the Nook e-reader, the company expects a fourth-quarter loss between 85 cents and $1.15 a share, greater than the 61 cents analysts forecast. For the year, Barnes & Noble foresees earnings in the range of 23 cents to 53 cents, while Wall Street is looking for 58 cents a share. It expects a sales drop of between 3% and 5% for the current fiscal year.

As a result, shares of Barnes & Noble are falling 4.9% to $20.46. And the news is also bringing down



, which is sinking 5.3% to $1.44 in afternoon trading.



, meanwhile, is continuing its downward trend, a day after

reporting fourth-quarter profit and sales that matched Wall Street's consensus


Still, investors were hoping for more upside to results, and sent shares of RadioShack declining 7.7% to $19.05 in afternoon trading.

Other notable decliners include



, which is tanking 5% to $10.30 and


(BBI) - Get Brickell Biotech, Inc. Report

, which is falling 4.7% to 38 cents.

There are a few significant gainers, however, in a day filled with losers.



is surging 20.4% to $2.42, after the

Wall Street Journal

reported that private-equity firm

Apollo Management is seeking a stake in the jeweler


Home Depot

(HD) - Get Home Depot, Inc. Report

is also up 2% to $30.91, after

providing significant signs of optimism for 2010

. Aside from returning to a profit in the fourth-quarter, Home Depot also lifted its dividend and said it significantly increased its capital expenditures.

In comparison,


(LOW) - Get Lowe's Companies, Inc. Report

, which is down 1.2% to $22.80 today, saw weaker U.S. sales than Home Depot and a weaker outlook range than its rival.

Office Depot

(ODP) - Get ODP Corporation Report

is advancing 2.7% to $6.83 after it, too, reported a narrower fourth-quarter loss, as its sales topped forecasts.

-- Reported by Jeanine Poggi in New York.


>>Macy's Returns to Profit

>>Home Depot Shows Signs of Confidence

>>Barnes & Noble Predicts More Declines

>>RadioShack Beat Not Enough for Street

>>Zale Surges on Apollo Bid

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