Retail Winners & Losers: PetSmart, DSW

While most retailers are in the red, DSW and PetSmart are soaring after raising guidance.

Author:
Jeanine Poggi
Publish date:
Oct 15, 2009 1:55 PM EDT

While most retailers are in the red, DSW and PetSmart are soaring after raising guidance.

NEW YORK (

TheStreet

) -- Retailers are losing some of their gains from earlier this week, but amid the red there are two very big gainers.

Shoestore

DSW

(DSW) - Get Free Report

is soaring 14.3% to $20.19 after the company boosted its full-year outlook.

DSW now expects to earn between 70 cents and 80 cents a share, up from a prior forecast in the range of 37 cents to 45 cents a share.

The company attributed the revision to better-than-expected sales, but still remains cautious for the fourth quarter.

PetSmart

(PETM)

also lifted its guidance for the third quarter and full year, resulting in shares soaring 7.6% to $25.23 in afternoon trading.

The pet-products retailer said better profit margins and lower-than-expected expenses will put earnings between 25 cents and 29 cents in the third quarter, up from a prior forecast in the range of 20 cents to 24 cents a share. For the full year, the company now expects to earn $1.43 to $1.51 a share, surpassing previous guidance of $1.37 to $1.45 a share.

Other notable gainers include

Netflix

(NFLX) - Get Free Report

, which is up 4.6% to $50.33,

Walgreen

(WAG)

, which is rising 2.3% to $39.62, and

Big Lots

(BIG) - Get Free Report

, which is climbing 2.5% to $27.29.

But most companies within the sector aren't as lucky.

Target