Ross Stores news and archive

Ross Stores opens 24 new locations across the US this summer

Discount retail giant Ross Stores, Inc. continues to execute its expansion strategy, as the off-price retailer opens a total of 24 new locations across the United States. Ross Stores recently opened 21 Ross Dress for Less stores and three dd's Discounts stores in 17 different states in June and July. These new retail locations, which include...

Report

Ross Stores Q1 sales and earnings increase

Ross Stores reported earnings per share of 1.46 dollars on net earnings of 488 million dollars for the first quarter. Sales for the quarter grew 8 percent to 4.9 billion dollars, with comparable sales up 3 percent versus last year. Commenting on the first quarter results, Barbara Rentler, chief executive officer of Ross Stores, said: “Though we...

Retail

High levels of lead found in accessories sold at off-price retailers

A new report has found high levels of lead in leather and faux leather fashion accessories, including handbags, wallets, shoes, and belts sold at off-price retailers Ross and Burlington. The report, published by nonprofit watchdog the Center for Environmental Health (CEH), traces 13 years of systemic toxic levels found in products sold at Ross...

Retail

Ross Stores opens 18 new stores as it targets 90 openings in 2024

Ross Stores, Inc. has ramped up its expansion plans as the off-price retailer continues to strengthen its retail footprint. Throughout February and March, 18 new stores were opened across the United States. The company opened 11 Ross Dress for Less and seven dd's Discounts stores in 11 different states earlier this year, part of Ross Stores'...

Report

Ross Stores posts Q3 sales and earnings growth

Ross Stores, Inc. reported earnings per share of 1.33 dollars, up from 1 dollar per share for the same period last year. Net income for the quarter also rose to 447 million dollars. For the nine months, earnings per share rose to 3.74 dollars on net earnings of 1.3 billion dollars. Sales for the third quarter rose to 4.9 billion dollars and...

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Ross Stores makes changes to board of directors

Ross Stores has announced a number of changes to its board of directors, namely that of its chairman, George Orban’s, exit from the role. Orban will instead continue on as an independent director, a move he cited was linked to “personal reasons”, as noted in his press release statement. Orban added that he planned to stay “actively involved in...

ManagementFeatured

Ross Stores ups FY guidance as Q2 sales, profits rise

US retailer Ross Stores has upped its full-year sales and earnings outlook after a better-than-expected Q2 performance. The discount department store chain reported a 7.7 percent increase in sales to 4.9 billion dollars in the three months ended July 29. Comparable store sales were up 5 percent, compared to a drop of 7 percent in the prior-year...

Retail

Ross Stores opens 27 new stores in ambitious expansion plan

Ross Stores has continued with its ongoing expansion plans, recently opening 27 new stores across the US throughout June and July. Among the new openings are 18 Ross Dress for Less locations and nine dd’s Discounts spanning 14 different states. The additional stores bring the company’s retail network to 2,061 locations across 41 states. It...

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Barbara Rentler to continue as Ross Stores CEO through January 2026

Ross Stores, Inc. board of directors has approved a new employment agreement with Barbara Rentler, vice chair and chief executive officer, which will now extend through March 31, 2027. The company said in a release that the new agreement provides for Rentler, 65, to continue as CEO through January 31, 2026. By that date, the board expects to...

Report

Ross Stores Q4 earnings improve

Ross Stores, Inc. reported earnings per share for the fourth quarter of 1.31 dollars on net income of 447 million dollars compared to 1.04 dollars on net earnings of 367 million dollars for the same quarter last year. For the 2022 fiscal year earnings per share were 4.38 dollars on net income of 1.5 billion dollars compared to 4.87 dollars per...

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Ross Stores reports drop in Q3 earnings

Ross Stores, Inc. reported earnings per share for the third quarter of 1 dollar on net income of 342 million dollars compared to earnings per share of 1.09 dollars on net income of 385 million dollars for the same quarter last year. Sales for the quarter were 4.6 billion dollars, in line with the prior year, with comparable store sales down 3...

Retail

Ross Stores opens 40 new locations, hitting annual target

US retailer Ross Stores has hit its full-year target of opening 99 new locations. It comes after the company announced Monday it has opened a further 40 locations, including 28 Ross Dress for Less stores and 12 dd's Discounts stores across 21 different states in September and October. "This fall, we opened our 2,000th store and continued to...