Ann, Gap, Foot Locker are market movers

Ann, Gap, Foot Locker, Krispy Kreme are market movers

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GPS41.670.61
ANN31.330.10
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NEW YORK (AP) -- Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and Nasdaq Stock Market:

NYSE

Ann Inc., up $5.75 at $33.89

The retailer reported strong second-quarter sales at its Ann Taylor and Loft brands and raised its fiscal 2012 revenue forecast.

Foot Locker Inc., up 60 cents at $35.09

Higher sales and lower costs helped the shoe retailer post a 59 percent increase in second-quarter net income, beating expectations.

Gap Inc., up $1.65 at $35.99

The retailer posted a 29 percent increase in second-quarter net income, a sign that its new fashions are catching on with shoppers.

The J.M. Smucker Co., up $3.99 at $82.96

The maker of Jif peanut butter and Crisco said that its fiscal first-quarter net income fell, but it still beat expectations.

Krispy Kreme Doughnuts Inc., up 25 cents at $6.80

A Wedbush analyst initiated coverage of the company with an "Outperform" rating, citing its growth in the U.S. and overseas.

Martha Stewart Living Omnimedia Inc., up 2 cents at $3.14

Macy's is suing rival retailer J.C. Penney to block Penney from selling Martha Stewart products. Macy's says it has an exclusive contract.

Nasdaq

Kirkland's Inc., down 93 cents at $9.92

The home decor company said its losses widened during the second quarter as it spent more on promotions to get people into stores.

Hibbett Sports Inc., down $2.58 at $59.22

The sporting goods company said its second-quarter net income rose 34 percent, but revenue missed analysts' expectations.

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