Some investors are breathing a sigh of relief as it seems like the sector might finally be rebounding.
Trader Pete Najarian said that the retail stocks are moving higher because they "didn't do as poorly as people expected" during earnings season. He said investors are also looking at retail companies because their valuations remain relatively low.
Trader Tim Seymour said he thinks "the long-term prospects for [Ralph Lauren] are good." The stock has gained 9 percent in the last month. He said, however, that retail stocks with a lot of short interest are still struggling with an "existentialist moment" in reworking their business models.
Trader Steve Grasso said Ulta looks attractive, as its shares have been on a tear this year, soaring 46 percent.