Ross Stores news and archive

Ross Stores withdraws annual guidance due to inflation and trade policy concerns

Ross Stores announced first-quarter earnings per share of 1.47 dollars for the first quarter ended May 3, 2025, slightly up from 1.46 dollars in the same period last year, while net income decreased to 479 million dollars from 488 million dollars last year. Sales for the quarter reached 5 billion dollars, with comparable store sales remaining...

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Ross Stores open 19 new locations as it aims for 90 openings in 2025

Ross Stores, Inc. is continuing to expand its store base. This month, the discount retailer opened 16 new Ross Dress for Less stores and three dd's Discount stores across 14 states. Part of the company's ongoing plans to open roughly 90 new stores across the nation throughout fiscal 2025, this includes 80 Ross stores and 10 dd's Discount...

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Ross Stores issues cautious outlook for 2025, citing economic headwinds

Discount retailer Ross Stores issued a cautious outlook for the year, forecasting annual sales and profit below analysts’ expectations. The company joins larger peers in signalling a slowdown in consumer demand as inflationary pressures weigh on spending. Additional risks loom with potential tariff impositions and immigration crackdowns. For...

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Ross Stores names William Sheehan future CFO, Orvos to retire in September

Ross Stores executive vice president and chief financial officer Adam Orvos, 60, will retire effective September 30, 2025. "Adam's financial leadership and expertise have been invaluable to our company, contributing significantly to our robust financial standing," stated Jim Conroy, chief executive officer, expressing gratitude on behalf of the...

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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...