NEW YORK (
) -- Retailers are gaining on reports of aid coming to Greece.
The S&P Retail Index is rising 1% to 396.25 in afternoon trading after retail sales for the first week in February increased 1.4%, according to the International Council of Shopping Centers and Goldman Sachs.
( BGP) continues its rally, climbing 5.6% to $1.33 on no company-specific news.
There was news last week, when billionaire investor Bill Ackman of Pershing Square Capital told
that Borders has a low chance of filing for bankruptcy and is a better stock pick than rival
Barnes & Noble
Other notable gainers include
, which is increasing 1.5% to $29.63,
, which is up 2.1% to $16.61,
, which is growing 2.2% to $62.62 and
, which is surging 5.6% to $26.33.
There are some losers, despite the rally.
( BBI) is declining 5.7% to 39 cents after it said that it
this week. The layoffs affected all levels, including some senior management positions.
is falling 4.9% to $18.72 after being
Analyst Gary Balter lowered the video game retailer to neutral from outperform and cut his target price on the stock to $25 from $28. Balter wrote in a research note that he fears the company is in a "value trap" and does not expect much multiple expansion.
is also sinking 2.9% to $10.58, while
is tumbling 4.7% to $1.95 in afternoon trading.
-- Reported by Jeanine Poggi in New York.
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