Ross news and archive

Ross Stores declares quarterly dividend

The board of directors of Ross Stores, Inc. has declared a regular quarterly cash dividend of 0.225 dollar per common share, payable on September 28, 2018 to stockholders of record as of September 13, 2018. Headquartered in Dublin, California, Ross Stores operates Ross Dress for Less with 1,453 locations in 38 states, the District of Columbia,...

Business

Ross Stores Q1 profits rise 30.2 percent

American off-price retailer Ross Stores said on Thursday its Q1 net profit for 2018 rose. Revenues increased by 8.6 percent from the same period last year. The company’s net profit for Q1 2018 was 418 million US dollars, up from 321 million US dollars a year earlier. Revenues rose to 3589 million US dollars. The profit margin of the company rose...

Retail

Ross opening 100 new locations in 2018

Ross is expanding its retail footprint. The company recently opened 23 Ross Dress for Less and six dd's Discounts stores across 14 different states in February and March. These new locations are part of the company's plans to add approximately 100 New Stores, including 75 Ross and 25 dd's Discounts locations during 2018. "With these recent...

People

Doug Baker quits as President, dd's Discounts

Ross Stores has announced that Doug Baker, who served as President and Chief Merchandising Officer of dd's Discounts since 2011, has put in his papers. The senior merchandising executives at dd's Discounts will now report to Michael Balmuth, Executive Chairman, while the company conducts a search to fill this position. Commenting on Baker’s...

Design

Ross Stores’ same store sales up by 7%

Ross Stores reported that sales increased 11% to $725 million for the four weeks ended April 28, 2012, up from $651 million for the four weeks ended April 30, 2011. Comparable store sales for the month grew 7% on top of a very strong 10% increase last year. For the quarter ended April 28, 2012, sales totaled $2.357 billion, a 14% increase over...