Second-quarter earnings reports for Ross Stores, TJX Companies (parent of TJ Maxx) and Target unveiled a mixed bag of results against a backdrop of economic uncertainty and ongoing supply chain disruptions. While the three retailers have carved out their respective niches, they face unique obstacles...
Among consumers who expect to have to dip into their savings this year, most expect to do so to afford items and services they need, rather than to treat themselves to nonessential purchases. By the Numbers “The Pessimism About Pay Rises Offsets the Effect of Falling Inflation” installment of...
With consumers cutting back on discretionary spending while trading down to value-focused merchants, Ross Stores is seeing these belt-tightening behaviors prove to be a mixed bag. The company, which operates more than 2,000 off-price stores across the country under its Ross Dress for Less and...
Positive customer response to value and convenience contributed to third-quarter results that outperformed expectations at Ross Stores. The off-price retailer released its third-quarter earnings Thursday (Nov. 16), reporting strong sales and earnings. “We are pleased that both sales and earnings outperformed our expectations as customers responded...
May 23, 2022
Recessions are peculiar beasts. They’re both natural and normal, yet dreaded and inevitable. In much the same way hurricane-prone regions can go years — even decades — without being ravaged by a storm, eventually the normal cycle of nature returns — and when it does, the damage inflicted can’t be assessed until long after things […]
October 28, 2024
Ross Stores has appointed Boot Barn President and CEO James Conroy as its CEO, effective Feb. 2, 2025. The appointment follows a search process launched in June 2023 when Ross Stores announced its long-term CEO succession plan in which current CEO and Vice Chair Barbara Rentler will move to an advisory role as of Feb. […]
November 16, 2023
Positive customer response to value and convenience contributed to third-quarter results that outperformed expectations at Ross Stores. The off-price retailer released its third-quarter earnings Thursday (Nov. 16), reporting strong sales and...
October 31, 2022
Discount apparel retailer Ross Stores has opened 40 new stores in recent months, part of a plan to grow to 3,000 brick-and-mortar locations as inflation-weary consumers seek deals on apparel. According...
May 20, 2022
The inflation-fueled quest by shoppers to maximize every dollar clearly hasn’t helped discount fashion retailer Ross Stores, which saw its stock dip almost 25% early Friday (May 20) following a...
