Ross Stores news and archive

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...

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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...