Updated from 9:40 a.m. EST Retailers reported mixed November results Thursday with several maintaining fourth-quarter guidance despite fairly steep declines in same-store sales that reflected the late Thanksgiving. One standout was Gap ( GPS), which blew away analysts' expectations on renewed consumer acceptance of its fashion sense. The biggest retailer, discount giant Wal-Mart ( WMT), posted anemic same-store growth of 2.6% in November, below the 2.7% analysts had forecast and at the low end of the 2%-4% growth the company itself predicted earlier in the month. The Bentonville, Ark., department store said overall companywide sales jumped 10.2% to $21 billion in the four weeks ended Nov. 29. The shares were recently down 1.8% to $53.46. Gap said same-store sales shot up 9% in November on strength in all of its divisions. It's the second straight month of improvement for the clothes retailer and topped analysts' projections for a 5.2% gain. Gap's domestic same-store sales rose 6%, while international same-store sales increased 4%. Among its different chains, Gap said Banana Republic's same-store sales jumped 3%, while Old Navy's rose 15%. "Customers are responding well to key items in our marketing campaigns, including the crazy stripe sweater, scarf and hat at Gap, and Performance Fleece at Old Navy," the company said. Despite the solid results, however, the shares were recently losing 1.7% to $15.90. Probably the biggest disappointment of the month was delivered by American Eagle Outfitters ( AEOS) Wednesday night. Citing weak performance in its men's clothing line, the company said same-store sales fell 6.5%, including a 30.1% decline at a chain that operates primarily in Canada. The shares were off 14% to $16.34 on Instinet. Wal-Mart rival Target ( TGT) said same-store sales dropped 6.7% in November, a slightly narrower-than-expected decline, and maintained its November-December same-store forecast for a gain of 2%. Total sales for the four weeks ended Nov. 30 rose 1% to $3.94 billion from $3.9 billion a year ago. The shares were down 2% to $34.47.