NEW YORK (
) -- Retailers are mixed on the back of some contradictory holiday outlooks.
( WTSLA) is, so far, one of the day's biggest decliners in the sector, tumbling 8.6% to $3.02.
On Thursday, the teen retailer posted a 33% drop in third-quarter profit, as same-store sales sank 6.2%. And heading into the holiday season things don't look much merrier.
For the fourth quarter Wet Seal only expects to earn between 3 cents and 7 cents a share, below estimates of 8 cents.
released a similarly dismal forecast, and its shares also sank 3.8% to $13.29 in afternoon trading.
While the women's retailer
, it foresees fourth-quarter sales coming in slightly below results in the third quarter. It also said it expects the holiday season to be "highly promotional."
Other women's retailer also fell on the news.
is losing 5.8% to $6.71,
is dropping 6.4% to $4.98 and
New York & Company
is declining 2.7% to $4.33.
shares, meanwhile, are running in the wrong direction after the company said it predicts same-store sales to sink in the last three months of the year.
The company also reported third-quarter earnings results that fell short of Wall Street's estimates, weighed down by weak sales.
Shares of the athletic footwear retailer are off 2.5% to $10.33 in afternoon trading.
Some retailers, though, have managed to see some big gains despite the dour outlooks.
is soaring 11.1% to $12.37 in afternoon trading, even though it
is jumping 8.4% to $15.49 after it was upgraded by Deutsche Bank to buy.
Analyst Bill Dreher Jr. said the company has been effective in cutting costs and improving its merchandise. It is also successfully positioning itself between Macy's and Bloomingdales, he wrote in a note.
( DBRN), meanwhile, is one of the only women's retailers in the green, a day after it reported a 10% increase in its first-quarter profit and upped its outlook.
The women's retailer expects full-year profit between $1.20 and $1.30 a share, making it likely it will top Wall Street's consensus of $1.20 a share.
Shares of Dress Barn are advancing 6.5% to $21.86.
is rising 4.3% to $25.56, after it too posted a 12% gain in third-quarter profit on a sales increase.
The video game retailer got its biggest boost from the recent launch of
Call of Duty: Modern Warfare 2
-- Reported by Jeanine Poggi in New York
Follow TheStreet.com on
and become a fan on
Copyright 2009 TheStreet.com Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed. AP contributed to this report.