dd's Discounts news and archive

Ross Stores announces changes to its merchandising leadership team

Ross Stores has announced merchandising leadership changes that the company believes will strengthen the successful execution of its off-price strategies and drive profitable market share gains over the near and long term. Effective December 1, 2024, the company said, Karen Fleming is promoted to president and chief merchandising officer, Ross...

Retail

Ross Stores opens 29 new stores

Ross Stores recently opened 21 Ross Dress for Less and eight Dd's Discount stores across 12 different states in June and July. The company said that these new locations are part of the company's plans to add approximately 100 new stores – 75 Ross and 25 Dd's Discounts during fiscal 2022. "These recent openings reflect our ongoing commitment to...

Business

Ross Stores Q4 comparable sales decline 6 percent

Ross Stores, Inc. reported earnings of 238 million dollars or 67 cents per share for the fourth quarter. The company’s sales for the quarter were 4.2 billion dollars, with comparable store sales down 6 percent, reflecting the negative impact from the upsurge of Covid-19 during the peak holiday selling season. For the 2020 fiscal year, earnings...

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...

Fashion

Ross Stores posts drop in Q2 sales and earnings

For the 13 weeks ended August 1, 2020, Ross Stores Inc. reported earnings per share of 6 cents on net income of 22 million dollars compared to 413 million dollars or 1.14 dollars last year. Total sales for the period were 2.7 billion dollars down from 4 billion dollars in the second quarter of 2019, while comparable store sales were down 12...

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...

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...