(Corrects percentage gain on S&P 500 in last paragraph)
By Rodrigo Campos
NEW YORK, March 4 Retailers rose on Thursday on
strong monthly sales figures, offsetting declines in the mid-
and smallcap stocks stemming from the energy sector.
Women's apparel retailer Coldwater Creek Inc CWTR.O
posted a quarterly loss that missed estimates by a penny, but
its full-year outlook exceeded estimates and its shares soared
24 percent to $6.71. For details see [ID:nSGE6220KV].
Teen apparel shares were among the top gainers after
posting a surprise increase in February same-store sales.
Zumiez Inc (ZUMZ.O) sales rose 11.2 percent, well above the 1.2
percent gain expected on Wall Street, sending its shares up
10.1 percent to $17.62. For teen retailer details see
Lower-priced Aeropostale Inc ARO.N shares gained 6.5
percent to $37.51 after it logged a 7 percent rise in sales
compared with analysts' 4 percent forecast and said that gross
margins expanded during the month.
"The consumer is frugal and value oriented and some of
those retailers are benefiting," said Scott Billeaudeau,
portfolio manager at Fifth Third Asset Management in
Shares of medium and small energy companies stumbled as
U.S. natural gas futures NGJ0 settled down more than 3.8
percent after a government inventory report showed an
unexpectedly light weekly draw.
The midcap energy sector .4GSPE fell 1.2 percent and the
energy smallcaps .6GSPE dropped 0.3 percent.
"The data is certainly one thing driving energy lower,"
The S&P MidCap 400 index .MID rose 0.1 percent while the
S&P SmallCap 600 index .SML advanced 0.4 percent. In
comparison, the benchmark S&P 500 .SPX gained 0.4 percent.