Ross Stores news and archive

Ross Stores announces board reshuffle

US discount department store chain Ross Stores has announced a number of changes to its board of directors. The retail group said it expects to name George Orban as the new chair of its board and Barbara Rentler, who is CEO, as vice-chair, effective following the company’s annual shareholder meeting on May 19. The retailer’s current chairman...

Business

Ross Stores remains cautious on outlook

Ross Stores, Inc. reported earnings of 37 cents per share versus 1.03 dollars per share for the third quarter ended November 2, 2019. The company said, net income was 131 million dollars compared to 371 million dollars in the prior year period. Third quarter sales declined 2 percent to 3.8 billion dollars, with comparable store sales down 3...

Retail

Ross Stores opens 39 new locations in October

US discount department store chain Ross Stores has announced the opening of 39 new locations across 17 different states in October. The new locations, 30 of which are Ross Dress for Less stores and the remaining nine dd's Discounts stores, bring the company's total store openings this year to 66. “We remain committed to growing our Ross and dd's...

People

Ross Stores announces departure of president merchandising

Ross Stores, Inc. has announced that Bernie Brautigan, president, merchandising of Ross Dress for Less since 2016, is leaving the company. The company said in a statement that senior merchant executives under his areas of responsibility will now report to the company’s Chief Executive Officer Barbara Rentler. Commenting on Brautigan’s departure...

Business

Second quarter sales and earnings up at Ross Stores

Ross Stores, Inc. reported earnings per share for the second quarter ended August 3, 2019 of 1.14 dollars, up from 1.04 dollars last year. Net earnings grew to 413 million dollars compared to 389 million dollars in the prior year. The company’s sales rose 6 percent to 4 billion dollars, with comparable store sales up 3 percent. For the six...

Business |IN DEPTH Featured

A closer look at the fashion companies that made this year’s Fortune 500 list

Walmart has topped Fortune magazine’s list of the 500 most valuable companies in the US once more. 16 other fashion retailers have also made the list, but none of them are newcomers. FashionUnited takes a closer look at the most recent developments to stem from these companies. Walmart - 1 Several businesses are being removed from Walmart’s...