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ross stores news and archive

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Ross Stores sales decline, posts loss

Ross Stores, Inc. said, both, first quarter sales and earnings reflect the closure of all Ross Dress for Less and Dd’s Discounts locations starting on March 20th through the quarter end due to the ongoing spread of Covid-19 throughout the United States. For the 13 weeks ended May 2, 2020, the company reported a loss per share of 87 cents, versus...

May 22, 2020

Fashion

Ross Stores donates 1.5 million dollars to Covid-19 relief efforts

American discount department store chain Ross Stores has announced a 1.5 million dollar donation to help Covid-19 relief efforts. The money will go towards local and national organizations providing essential relief services, as well as to the company's nonprofit partners, including the Boys & Girls Clubs of America and First Book. Additional...

Apr 24, 2020

Report

Coronavirus outbreak and store closures hinder sales at Ross Stores

In a business update in response to COVID-19 impact, Ross Stores, Inc. has said in a statement that while February sales were ahead of its expectations, the company has experienced a broad-based deceleration in sales trends over the past week from the continued spread of the virus throughout the country and the mandatory closure of stores in...

Mar 19, 2020

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Two new members join Ross Stores’ board of directors

Ross Stores, Inc. has appointed Patricia H. Mueller and Larree M. Renda to its board of directors effective immediately. “We are pleased to welcome both Patricia Mueller and Larree Renda to our board of directors. Mueller is an expert in the retail industry with a career spanning more than three decades in executive leadership positions that...

Mar 13, 2020

Report

Ross Stores announces departure of president merchandising

Ross Stores, Inc. has announced that Bernie Brautigan, president, merchandising of Ross Dress for Less since 2016, is leaving the company. The company said in a statement that senior merchant executives under his areas of responsibility will now report to the company’s Chief Executive Officer Barbara Rentler. Commenting on Brautigan’s departure...

Jan 10, 2020

Report

Ross Stores revenues climb 8 percent for Q3

The company said on Thursday its Q3 net profit increased. Revenues increased by 8 percent from the same period last year. The company's net profit for Q3 was 371 million dollars, climbed from 338 million dollars a year earlier. Furthermore, revenues climbed to 3,849 million dollars. Ross Stores (NASDAQ: ROST) is an American chain of discount...

Nov 22, 2019

Report

Second quarter sales and earnings up at Ross Stores

Ross Stores, Inc. reported earnings per share for the second quarter ended August 3, 2019 of 1.14 dollars, up from 1.04 dollars last year. Net earnings grew to 413 million dollars compared to 389 million dollars in the prior year. The company’s sales rose 6 percent to 4 billion dollars, with comparable store sales up 3 percent. For the six...

Aug 23, 2019

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Ross Stores announces quarterly dividend

Board of directors at Ross Stores, Inc. has declared a regular quarterly cash dividend of 255 cents per common share, payable on September 30, 2019 to stockholders of record as of September 12, 2019. Headquartered in Dublin, California, with fiscal 2018 revenues of 15 billion dollars, Ross Stores operates Ross Dress for Less, the off-price...

Aug 22, 2019

Management

Ross Stores announces promotions of key executives

Ross Stores, Inc. has announced operational leadership changes. The company said, effective August 16, 2019, Michael Hartshorn is being named Group President and Chief Operating Officer, reporting directly to Chief Executive Officer, Barbara Rentler, Michael Kobayashi is being promoted to President, Operations and Technology and will report to...

Aug 14, 2019

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Ross Stores’ sales and earnings grow in Q1

Ross Stores, Inc. has reported earnings per share for the 13 weeks ended May 4, 2019 of 1.15 dollars up from 1.11 dollars for the same period last year. Net earnings for the quarter were 421 million dollars compared to 418 million dollars in the prior year. The company said, sales for the period grew 6 percent to 3.8 billion dollars, with...

May 24, 2019

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Ross Stores’ COO Michael O’Sullivan resigns

Ross Stores, Inc. has announced that Michael O’Sullivan, the company’s President and Chief Operating Officer since 2009, has resigned from his position and its board of directors effective immediately to accept a position with another company. Commenting on the development, Barbara Rentler, the company’s CEO, said in a statement, “Michael has...

Apr 12, 2019

Management

Ross Stores posts rise in earnings and same-store sales

Ross Stores, Inc. said in a statement that earnings per share for the 13 weeks ended February 2, 2019 were 1.20 dollars versus 1.19 dollars in the 14 weeks ended February 3, 2018, while net earnings totalled 442 million dollars compared to 451 million dollars in the 14 weeks ended February 3, 2018. For the 52 weeks, earnings per share grew to...

Mar 6, 2019