There are very clear winners and losers emerging as retail earnings reports continue to shed light on the sector.
Wal-Mart is the clear disappointment, down nearly 3 percent to a new 52-week low, the only company at a new low at the open. Shares are down 18 percent year to date.
The focus has been on Wal-Mart's lower guidance for the year, but the company highlighted many positives:
And if you read the report carefully there are several reasons guidance has been lowered, only a couple due to lower sales: