Tag Archives: Ross Stores

Ross Stores Q3 Net Rises 12.3 Percent

Ross Stores

DUBLIN, Calif.-Thanks to strong sales and margins, Ross Stores recorded a 12.2 percent gain in third-quarter net income, which finished at $192.7 million. Net sales in the quarter, which ended on Nov. 2, totaled $2.6 billion, up 8.4 percent and including a pickup of 4 percent in same-store sales. Barbara Rentler, Ross’ CEO, said bothMore »

Last updated: November 21, 2014

Ross Stores Opens 30 New Sites

Ross Stores_Dress For Less

DUBLIN, Calif.-Ross Stores has opened 23 new Ross Dress for Less and seven new dd’s Discounts stores across 17 states. The openings are part of the off-price retailer’s plan to open 75 Ross Dress for Less and 20 dd’s Discounts stores during 2014. Jim Fassio, Ross’ president and chief development officer, said, “These latest openingsMore »

Last updated: July 21, 2014

Ross Stores Q1 Net Rises 4 Percent

Ross Stores

DUBLIN, Calif.-Thanks to rising sales and controlled expenses, Ross Stores posted a first-quarter net-income gain of 4 percent, to $243.9 million. Net sales in the quarter, which ended on May 3, picked up 5.5 percent to finish at $2.7 billion. This included a same-store sales gain of 1 percent. According to Michael Balmuth, Ross’ viceMore »

Last updated: May 23, 2014

Ross Names Rentler CEO in Management Shifts

Ross Stores

DUBLIN, Calif.-Barbara Rentler, Ross Stores’ president and chief merchandising officer, will succeed Michael Balmuth as the retailer’s CEO on June 1. As announced in August 2012, Balmuth, who is also the company’s vice chairman, will become executive chairman on that date and continue to play an active role in its management. In addition, current ChairmanMore »

Last updated: May 7, 2014

Ross Opens 37 Stores

Ross Stores_Dress For Less

DUBLIN, Calif.-Ross Stores has opened 30 Ross Dress for Less and seven dd’s Discounts in 14 different states. The openings are part of the retailer’s 2014 expansion plans, which are to continue to build its presence in existing markets and grow in the newer markets Ross initially entered in 2011. Jim Fassio, the retailer’s presidentMore »

Last updated: March 10, 2014

Ross Stores Promotes Hartshorn to CFO

Ross Stores

DUBLIN, Calif.-Michael Hartshorn has been elevated to chief financial officer of Ross Stores, retaining his current senior vice president title. The promotion will go into effect on Feb. 2. Hartshorn will report to John Call, group senior vice president of finance and legal, and corporate secretary—and who has been Ross’ chief financial officer for theMore »

Last updated: January 28, 2014

Ross Stores Net Rises 7.6 Percent in Q3

Ross Stores_Dress For Less

PLEASANTON, Calif.-An increase in sales helped Ross Stores to beef up its bottom line by 7.6 percent, to $171.6 million, in the third quarter ending on Nov. 2. Net sales were up 6 percent to $2.4 billion, and included a same-store sales gain of 2 percent. Michael Balmuth, Ross’ vice chairman and CEO, said theMore »

Last updated: November 22, 2013

Ross Stores Net Rises 17.1 Percent in Q2

Ross Stores

PLEASANTON, Calif.-Improved sales and gross margin bolstered Ross Stores’ second-quarter net income by 17.1 percent to $213.1 million. Net sales in the quarter, which ended on Aug. 3, rose 9 percent to $2.6 billion, including a gain of 4 percent in same-store sales. Gross margin increased 70 basis points to 28.5 percent. Both of theseMore »

Last updated: August 23, 2013