By  on November 20, 2008

Ross Stores Inc. turned its off-price business model into a third-quarter success story, but the retailer still thought it “prudent” to lower projections for the rest of the year because of reduced consumer spending.

For the three months ended Nov. 1, profits climbed 17.6 percent to $57.3 million, or 44 cents a share, from $48.7 million, or 36 cents a year ago. Sales increased 5.9 percent to $1.56 billion from $1.47 billion, while comparable-stores sales came in flat.

To Read the Full Article
SUBSCRIBE NOW

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus