Ross Stores news and archive

Ross Stores records increase in Q3 earnings

Ross Stores earnings per share increased to 1.48 dollars in the third quarter and net income rose to 489 million dollars. Sales for the quarter increased to 5.1 billion dollars, with a comparable store sales gain of 1 percent. For the nine months, earnings per share rose to 4.53 dollars on net earnings of 1.5 billion dollars and sales were 15.2...

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James Conroy to succeed Barbara Rentler as Ross Stores CEO

Ross Stores has announced today that James Conroy will succeed Barbara Rentler as the company’s new CEO effective February 2, 2025. The company said in a release that Conroy will join the company on December 2, 2024 as chief executive officer elect, when he will also become a member of the board of directors, reporting to executive chairman...

Retail

Ross Stores opens 47 new locations as it completes growth plan for 2024

Discount retailer Ross Stores, Inc. has successfully achieved its growth strategy for 2024, after recently opening 47 new locations across the nation. The retailer opened 43 new Ross Dress for Less stores and four dd’s Discount stores in 22 different states in the months of September and October, in addition to opening 89 other retail locations...

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Ross Stores announces changes to its merchandising leadership team

Ross Stores has announced merchandising leadership changes that the company believes will strengthen the successful execution of its off-price strategies and drive profitable market share gains over the near and long term. Effective December 1, 2024, the company said, Karen Fleming is promoted to president and chief merchandising officer, Ross...

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Ross Stores Q2 earnings up, expects positive trend to continue

Ross Stores earnings per share increased to 1.59 dollars on net income of 527 million dollars for the second quarter. For the six month period, earnings per share rose to 3.05 dollars on net income of 1 billion dollars. Total sales for the quarter increased 7 percent to 5.3 billion dollars with comparable store sales up 4 percent versus last...

Retail

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...

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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'...

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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...

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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...