Retail Winners: Rite Aid, Saks, Zale

NEW YORK(TheStreet) -- Retailers are roaring Thursday morning, after GDP reported growth, signaling a possible end to the recession.

The S&P Retail Index is up 2.3% to 390.39, led up by big movers like Saks(SKS Quote), Office Depot (ODP Quote)and Rite Aid(RAD Quote).

Saks is soaring 7.9% to $5.88 after announcing it will test 36-hour, invitation-only, online sales. This move will put Saks in direct competition with other private sales sites like Hautelook.com.

Rite Aid is spiking 6.4% to $1.34 after posting a 0.5% slip in October sales. The drugstore was hurt by front-end sales, which fell 2.7%, while prescription comparable sales were weighed down by the introduction of new generic drugs.

Despite disappointing third-quarter results from both Office Depot and OfficeMax(OMX Quote), both are trading up this afternoon.

Office Depot widened its loss and missed sales forecasts, while OfficeMax swung into profit but predicts a loss in its fourth quarter. Nonetheless, shares of Office Depot are gaining 9.5% to $6.47 and OfficeMax is advancing 6.5% to $10.90.

Vitamin Shoppe(VSI Quote) is jumping 5.3% to $18.90 a day after it began trading on the New York Stock Exchange. The retailers IPO raised $17, more than the $14 to $16 expected.