Ross Stores news and archive

Share analysis: Ross Stores' strategic expansion fuels growth amidst market pressures

Opening one new store per week over the past five years, it now operates more than 2200 stores within the competitive fashion and home accessories sector. The company primarily runs two brands: Ross Dress for Less and dd's DISCOUNTS. This analysis comes at a time when the company has recently released quarterly figures, showing steady...

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Ross Stores Q2 sales rise 5 percent, earnings affected by tariffs

Ross Stores, Inc. reported earnings per share of 1.56 dollars for the second quarter ended August 2, 2025, on net income of 508 million dollars. These results were negatively impacted by approximately 11 cents per share in tariff-related costs. In comparison, the company reported earnings per share of 1.59 dollars on net income of 527 million...

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Value-focused shoppers drive Q2 traffic at off-price retailers

Cost-conscious consumers continued to fuel momentum for US off-price chains in the second quarter, with Placer.ai data pointing to strong year-on-year traffic gains at TJX, Ross and Burlington ahead of their earnings releases. By contrast, department store operators Kohl’s and Macy’s saw notable declines, underscoring the bifurcation in consumer...

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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...

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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...