Ross Stores news and archive

Ross Stores beats expectations with 21 percent sales increase in first quarter

US off-price retailer Ross Stores reported a 21 percent increase in total sales for the first quarter of fiscal 2026, reaching 6.0 billion dollars compared to 5.0 billion dollars in the prior year period. The financial results for the 13-week quarter ended May 2, 2026, showed comparable store sales grew 17 percent against flat sales in 2025. Net...

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Ross Stores begins 2026 expansion with 17 new locations

US-based off-price retailer Ross Stores has announced the opening of 17 new stores across 11 states during February and March. The expansion includes 13 Ross Dress for Less locations and four Dd’s Discounts stores, marking the first phase of the group’s strategic growth plan for the current fiscal year. The openings are part of a broader fiscal...

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Ross Stores Q4 2025: Sales up 12 percent, exceeding projections

US discount retailer Ross Stores has announced financial results for the 52-week fiscal year ended January 31, 2026, revealing record annual sales and a significant acceleration in momentum during the fourth quarter. The group saw total sales for the full year reach 22.8 billion dollars, representing an 8 percent increase compared to 21.1...

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Ross Stores announces passing of former chairman and CEO Norman Ferber

US off-price retailer Ross Stores has announced that Norman Ferber, the former chairman and chief executive officer (CEO) who helped transform the business from a six-store chain into a major market player, passed away on January 23, 2026. Ferber was 77 years old and died following a brief illness. Ferber joined Ross at its inception and was a...

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Leadership change at Ross Stores: Bjorklund to succeed Balmuth as board chair

Ross Stores, Inc. announced a leadership transition, with its board of directors approving a succession plan that will see long-time executive chairman Michael Balmuth step down on January 31, 2026. Balmuth, who has served on the board for nearly 30 years, will retire from board when he steps down as executive chairman and will continue as...

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Ross Stores Q3 net sales climb 10 percent to 5.6 billion dollars

Ross Stores, Inc. delivered third quarter earnings per share of 1.58 on net income of 512 million dollars, despite an estimated 5 cents per-share negative impact from tariff-related costs. This compares to earnings per share of 1.48 dollars and net income of 489 million dollars in the same period last year. Net sales for the quarter rose 10...

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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...

Retail

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...