Oughout. S. retailers benefit from warmer Spring as sales bounce back

NY (Reuters) - Spring was in full coverage swing for some U. S. businesses, with shoppers spending again back in April after the weather warmed up.

Fairly large U. S. retailers, these include Costco Wholesale Corp and Victoria's Blueprint parent L Brands Inc , reported April exact same sales above expectations, helped to some extent by a later Easter that hard pressed sales from March, and the edge of a harsh winter that reported kept many shoppers at home.

A considerable number of 10 retailers - which is not packed with such giants as Wal-Mart Keeps Inc , Treat Corp and Best Buy Co - reported one particular 6. 4 percent increase in Spring comparable sales, better than the a number of. 1 percent rise analysts had thought, according to Thomson Reuters' same-store products or services sold index.

"The April performance was basically strong and suggested that pent-up demand helped, " said Education Niemira, chief economist at the Multilingual Council of Shopping Centers.

There were encouraged signs for retailers after straightforward of heavy discounting that criticized sales and profit margins in winter.

T Brands, whose shares rose a number of. 8 percent, raised its profits forecast and said it had been for being scale back promotions. Its comparable products or services sold rose 8 percent.

Gap Incorporation usually said pressure on its pre-taxed margin is abating. Gap claimed a 9 percent increase, contributed to by its low-priced Old Deep blue chain, and the apparel company listed a profit forecast that surpassed Investing expectations, sending its shares off the floor 5 percent in after-hours trading.

Costco reported a 5 percent increase, as cool as the 3. 2 percent analysts reported projected, and its shares rose - 5 percent.

Drugstore operators Walgreen Corp on top of that Rite Aid Corp reported better-than-expected products or services sold, helped by gains in general collections.

Despite the strong numbers, the large S&P Retail Index <. SPXRT> fell 0. seventeen points to 837. 08 as some pros said there was still reason for discretion about consumer spending.

"You are not able to put too much credence into individuals numbers when you have a big bounce from the delayed purchases, " said Craig Johnson, president of consulting service company Customer Growth Partners.

Johnson informed against reading too much into the developing unemployment numbers, given the gradually growth in low-wage jobs issues rise in the number of people dropping right out of the workforce.

Several other retailers reported larger jumps in April results, reflective shoppers' continuing appetite for good deals.

Discount apparel retail Stein Mart Inc said comparable sales rose eight. 9 percent, while rival Cato Corp reported an 18 percent step and raised its profit predicted.

Youth retailers The Buckle Incorporation on top of that Zumiez Inc also reported better-than-expected Spring sales.

(Editing by Jilian Mincer, Nick Zieminski and Jonathan Oatis)

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Coach factory Keeps Falling: Buying Opportunity or just Dying Company?

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