Ross Stores Inc. posted fourth-quarter and full-year earnings growth, buoyed by strong sales in its dresses and footwear categories.
For the three months ended Feb. 2, income rose 1.5 percent to $94.5 million, or 70 cents a diluted share, from $93.1 million, or 66 cents, in the same year-ago quarter. Sales rose 2.7 percent to $1.65 billion from $1.61 billion, while same-store sales grew 2 percent.
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"