NEW YORK ( TheStreet) -- Retail stocks are in the red, outlooks from Apple ( AAPL) and IBM ( IBM) ignited worries. Coldwater Creek ( CWTR) is among the biggest decliners Tuesday morning, after the women's apparel retailer said it expects to report a loss in its third quarter. The company now foresees a loss between 14 cents and 19 cents a share, from prior guidance of a profit between 1 cents and 4 cents. Coldwater is also predicting about a 20% plunge in same-store sales during the quarter. Shares of Coldwater Creek are tumbling 32.1% to $3.64, and bringing down other women's apparel retailers. Chico's ( CHS) is falling 3.8% to $10.32 and Talbots ( TLB) is dropping 5.5% to $10.28. Supervalu ( SVU) is losing 14.4% to $10.59, after the grocer cut its full-year outlook and swung to a loss in its second quarter. The company now predicts 2010 earnings in the range of $1.40 to $1.60 a share, from previous forecast of $1.75 to $1.95. Supervalu also reported a second-quarter loss of $1.47 billion, or $6.94 a share, compared to a profit of $74 million, or 35 cents, in the same period last year. Excluding a charge, the company actually earned 28 cents a share, a penny below Wall Street's estimates. Teen retailers Zumiez ( ZUMZ) and Abercrombie & Fitch are on a downswing following downgrades. Zumiez was cut from buy to neutral by MKM Partners, while Abercrombie & Fitch was lowered to sell from hold by Brean Murray. Shares of Zumiez are off 4.8% to $24.85 in morning trading and Abercrombie is slipping 3.7% to $43.92.
But amid the negative news, the National Retail Federation provided some optimism heading into the holiday season. According to the research firm's survey, U.S. shoppers plan to spend more. Consumers plan to spend an average of $688.87, up 1% from 2009. One of the only retailers in the green is Saks ( SKS), which is gaining 2% to $10.46, following Italian businessman, Diego Della Valle, raising his stake in the high-end department store. Della Valle bought 2.9 million shares for $29.4 million, growing his stake to 11.1% from 9.4%. --Written by Jeanine Poggi in New York. >To contact the writer of this article, click here: Jeanine Poggi. >To follow the writer on Twitter, go to http://twitter.com/jpoggi. >To submit a news tip, send an email to: email@example.com.