Content about Ross Stores Inc.

September 17, 2014

dd’s Discounts, a division of Ross Stores, Inc. will open a new store in Dallas on Sept. 27.

Dublin, Calif. --  dd’s Discounts, a division of Ross Stores, Inc. will open a new store in Dallas on Sept. 27.  The store is located at Skillman Abrams Crossing in North Dallas. 

Including this new location, dd’s DISCOUNTS will operate approximately 150 locations in 13 states. The company is on schedule to complete its expansion plan to open approximately 20 locations in 2014.

May 23, 2014

By controlling inventory and expenses, Ross Stores Inc. was able to report a 4% increase in net income during the first quarter of fiscal 2014 despite bad weather and other negative factors.

Dublin, Calif. – By controlling inventory and expenses, Ross Stores Inc. was able to report a 4% increase in net income during the first quarter of fiscal 2014 despite bad weather and other negative factors. Net income totaled $243.9 million, up from $234.6 million in the same period the prior year.

First quarter 2014 sales increased 6% to $2.68 billion, up from $2.54 billion in first quarter 2013. Same-store sales rose 1%. Ross Stores expects same-store sales to grow 1%-2% during the second quarter of fiscal 2014.

February 4, 2014

DD’s Discounts, a division of Ross Stores, Inc., will relocate its Arlington, Texas, store on Feb. 8.

Pleasanton, Calif. – DD’s Discounts, a division of Ross Stores, Inc., will relocate its Arlington, Texas, store on Feb. 8. The newly relocated store is in Four Corners Shopping Center.

Overall, DD’s Discounts operates 131 locations in 10 states, including 25 in Texas.

January 28, 2014

Ross Stores, Inc. has promoted Michael Hartshorn, 46 is being promoted to CFO, retaining his senior VP title, effective Feb. 2, 2014.

Dublin, Calif. – Ross Stores, Inc. has promoted Michael Hartshorn, 46 is being promoted to CFO, retaining his senior VP title, effective Feb. 2, 2014. Hartshorn will be responsible for the accounting, treasury, financial planning, tax, risk management and investor relations functions.

November 22, 2013

Ross Stores Inc. reported third-quarter profit of $171.6 million, up from $159.5 million a year earlier, on higher sales and gross margins.

Pleasanton, Calif. -- Ross Stores Inc. reported third-quarter profit of $171.6 million, up from $159.5 million a year earlier, on higher sales and gross margins. Looking ahead to the fourth quarter, the off-retailer forecast earnings below Street estimates and said it was adopting a more cautious outlook for the quarter.

August 23, 2013

Ross Stores Inc. reported a profit of $213 million for the second quarter, compared with $182 million last year and beating Wall Street’s expectations.

Pleasanton, Calif. -- Ross Stores Inc. reported a profit of $213 million for the second quarter, compared with $182 million last year and beating Wall Street’s expectations.

Revenue rose 9% to $2.5 billion, matching forecasts. Same-store sales edged up 4%, compared to a 7% rise in the same period last year. However, the retailer expressed caution about the months ahead.

March 21, 2013

Ross Stores Inc. said its fourth-quarter net income rose 23%, in line with analysts’ projections.

Pleasanton, Calif. -- Ross Stores Inc. said Thursday its fourth-quarter net income rose 23%, in line with analysts’ projections. The off-price retailer also announced that beginning with the second quarter of fiscal 2013 it will no longer report monthly sales. Instead, quarterly same-store store sales results will be provided with regularly scheduled earnings releases.
 

November 15, 2012

Ross Stores Inc. reported that net income rose 10.8% to $159.5 million in the third quarter, compared with $144 million a year earlier.

Pleasanton, Calif. -- Ross Stores Inc. reported Thursday that net income rose 10.8% to $159.5 million in the third quarter, compared with $144 million a year earlier.

Revenue rose 10.6% to $2.26 billion, missing Wall Street’s expected $2.34 billion in revenue. Same-store sales climbed 5%.

The retailer has reaffirmed its guidance for the fourth quarter.

August 17, 2012

Ross Stores Inc. reported that net income for the quarter ended July 28 jumped 23% to $182 million, from $148.3 million in the year-ago period.

Pleasanton, Calif. -- Ross Stores Inc. reported Thursday that net income for the quarter ended July 28 jumped 23% to $182 million, from $148.3 million in the year-ago period. Results met Wall Street expectations, but the company issued profit predictions for the current quarter and full year that were below average forecasts. Same-store sales rose 7% in the quarter.

May 3, 2012

Several apparel retailers, including Limited Brands, Zumiez and Ross Stores, posted better-than-expected sales in April.

New York -- Several apparel retailers, including Limited Brands, Zumiez and Ross Stores, posted better-than-expected sales in April. It was widely expected that an earlier Easter, which pushed demand into March, and cool weather would hurt sales.

Limited Brands, parent of Victoria’s Secret, reported a 7% rise in same-store sales for April, beating estimates.

Teen clothing retailer Zumiez also beat expectations with a 10.1% gain in April. The Buckle’s same-stores sales edged up 1% slightly higher than analysts' estimates.

March 15, 2012

Ross Stores Inc. reported that profit for the quarter ended Jan. 28 rose 19% to $192 million, from $161.8 million last year.

Pleasanton, Calif. -- Ross Stores Inc. reported Thursday that profit for the quarter ended Jan. 28 rose 19% to $192 million, from $161.8 million last year. A profitable holiday season helped boost the discounter’s results, which met Wall Street expectations.

Sales surged almost 12% to $2.4 billion, and same-store sales increased 7%.

For the full year, Ross reported a net income rise of 18% to $657.2 million. Sales increased 9% to $8.6 billion, with same-store sales up 5%.

March 5, 2012

A Ross Dress for Less executive suggested that the midwestern United States offers significant growth potential for the discounter.

St. Louis -- A Ross Dress for Less executive suggested that the midwestern United States offers significant growth potential for the discounter. In an interview on the St. Louis Today website, reported Monday, the company’s VP for the midwest region Fred Shuey said that Ross’s two just-opened St. Louis stores will be joined by more.

November 17, 2011

Ross Stores Inc. reported Thursday its third straight quarter of profits, as net income rose 18.6% to $144 million, from $121.4 million a year earlier.

Pleasanton, Calif. -- Ross Stores Inc. reported Thursday its third straight quarter of profits, as net income rose 18.6% to $144 million, from $121.4 million a year earlier. Results met Wall Street expectations.

“Operating our business on lower in-store inventories is driving faster turns and lower markdowns, which continues to benefit profit margins,” noted Michael Balmuth, CEO.

Revenue rose 9.2% to $2.05 billion, beating analysts’ predicted $2.03 billion in revenue.

November 17, 2011

Ross Stores Inc. reported Thursday its third straight quarter of profits, as net income rose 18.6% to $144 million, from $121.4 million a year earlier.

Pleasanton, Calif. -- Ross Stores Inc. reported Thursday its third straight quarter of profits, as net income rose 18.6% to $144 million, from $121.4 million a year earlier. Results met Wall Street expectations.

“Operating our business on lower in-store inventories is driving faster turns and lower markdowns, which continues to benefit profit margins,” noted Michael Balmuth, CEO.

Revenue rose 9.2% to $2.05 billion, beating analysts’ predicted $2.03 billion in revenue.

October 12, 2011

Stage Stores said it will launch a new off-price concept, called Steele’s, to be rolled out in small-town America.

Houston -- Stage Stores said Wednesday it will launch a new off-price concept, called Steele’s, to be rolled out in small-town America.

The first three stores are slated to open on Nov. 1, in Beeville, Texas; Bastrop, La.; and Minden, La.; the company said it plans to open an additional 25 to 35 new Steele’s stores in 2012.

October 4, 2011

Ross Dress for Less will celebrate its initial entry into the greater Chicago area with the grand opening of 12 stores on Saturday, Oct. 8.

Pleasanton, Calif. — Ross Dress for Less will celebrate its initial entry into the greater Chicago area with the grand opening of 12 stores on Saturday, Oct. 8.

"The opening of these 12 locations kicks off our entrance into the Midwest and our commitment to the greater Chicago area," said Michael O'Sullivan, president and COO for Ross Stores.

The offprice retailer will open stores in Algonquin, Arlington Heights, Bloomingdale, Crystal Lake, Matteson, Naperville, Niles, Orland Park, Rockford, Schaumburg, Skokie and South Elgin.

August 2, 2011

Ross Stores said Tuesday that it will simultaneously open 12 stores on Oct. 8, all located in the greater Chicago area.

Pleasanton, Calif. -- Ross Stores said Tuesday that it will simultaneously open 12 stores on Oct. 8, all located in the greater Chicago area.

The new Ross Dress for Less stores will open simultaneously in Algonquin, Arlington Heights, Bloomingdale, Crystal Lake, Matteson, Naperville, Niles, Orland Park, Rockford, Schaumburg, Skokie and South Elgin.

"We are excited to be entering the Chicago area, which will significantly expand our national footprint," said Michael Balmuth, vice chairman and CEO, Ross Stores.

July 6, 2011

Off-price retailer Ross Stores will celebrate the opening of its 1000th Ross Dress for Less store, in North Pleasant Hill, Calif., on July 16.

Pleasanton, Calif. -- Off-price retailer Ross Stores will celebrate the opening of its 1000th Ross Dress for Less store, in North Pleasant Hill, Calif., on July 16.

The new store is Ross’ 50th location in the Bay Area. The company operates more than 1000 Ross Dress for Less and dd's Discounts locations.

May 19, 2011

Ross Stores said Thursday that profit for the quarter ended April 30 surged 22% to $173 million, compared with $142.3 million a year earlier.

Pleasanton, Calif. -- Ross Stores said Thursday that profit for the quarter ended April 30 surged 22% to $173 million, compared with $142.3 million a year earlier.

Sales increased 7% to $2.1 billion, and same-store sales rose 3% on top of a 10% gain in 2010.

November 18, 2010

Ross Stores reported Thursday earnings for the quarter ended Oct. 30 rose 16% to a record $121.4 million, compared with $105.1 million in the year-ago period.

Pleasanton, Calif. -- Ross Stores reported Thursday earnings for the quarter ended Oct. 30 rose 16% to a record $121.4 million, compared with $105.1 million in the year-ago period.

Sales increased 7% to $1.874 billion, with same-store sales up 3% on top of a strong 8% gain in the prior year.

October 6, 2010

Target Corp. said its same-store sales rose 1.3% in September, missing Wall Street's expectations for...

August 30, 2010

Stage Stores said Monday that it has named retail veteran Robert Bernard to lead its...

August 18, 2010

Ross Stores reported Thursday that net income for the quarter ended July 31 rose 25%...

May 19, 2010

Ross Stores said Thursday that its fiscal first-quarter profit rose to $142.3 million, from $91.4...

March 17, 2010

Ross Stores said Thursday that its fourth-quarter profit rose to $142.9 million from $97.4 million....