NEW YORK (

TheStreet

) -- Retailers are mixed on the back of some contradictory holiday outlooks.

Wet Seal

( 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.

AnnTaylor Stores

(ANN)

released a similarly dismal forecast, and its shares also sank 3.8% to $13.29 in afternoon trading.

While the women's retailer

swung into profit in the third quarter

, 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.

Talbots

(TLB)

is losing 5.8% to $6.71,

Coldwater Creek

(CWTR)

is dropping 6.4% to $4.98 and

New York & Company

(NWY)

is declining 2.7% to $4.33.

Foot Locker

(FL) - Get Report

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.

Zumiez

(ZUMZ) - Get Report

is soaring 11.1% to $12.37 in afternoon trading, even though it

issued guidance that missed analysts' predictions

.

Department store

Dillard's

(DDS) - Get Report

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.

Dress Barn

( 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.

GameStop

(GME) - Get Report

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

game.

-- Reported by Jeanine Poggi in New York

Follow TheStreet.com on

Twitter

and become a fan on

Facebook.

Copyright 2009 TheStreet.com Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed. AP contributed to this report.