Ross Stores Revenue Is Up
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Pleasanton, CA– The department store chain Ross is beating analysts’ projections.
The Associated Press reports that August revenue at stores open at least a year rose 4 percent to beat Wall Street forecasts.
For the four weeks that ended August 27th, total revenue increased 8 percent to $659 million. Year-to-date total revenue was up 8 percent to $4.46 billion.
Some of the strongest-performing categories were dresses and shoes. Vice Chairman and CEO Michael Balmuth said in a statement that the company’s performance benefited from shoppers seeking brand-name products at low prices.
Ross has 1,013 Ross Dress For Less stores in 27 states and Guam. The retailer is based in Pleasanton and has a store in Sonora.
Written by tina.falco@mlode.com
