Home / Knowledge / News / Apparel/Garments / Ross Stores sales up 15%
Ross Stores sales up 15%
19
Apr '12
Ross Stores, Inc. reported that sales increased 15% to $955 million for the five weeks ended March 31, 2012, up from $828 million for the five weeks ended April 2, 2011. Comparable store sales for the month grew 10% over last year.

For the nine weeks ended March 31, 2012, sales totaled $1.632 billion, a 15% increase over the $1.423 billion in sales for the nine weeks ended April 2, 2011. Comparable store sales for the nine weeks ended March 31, 2012 also grew 10% over the prior year period.

Michael Balmuth, Vice Chairman and Chief Executive Officer, commented, "We are very pleased with our much stronger than expected sales in March. Favorable weather throughout most of our markets, along with our ongoing focus on value, drove broad-based merchandise and geographic sales gains during the month."

Mr. Balmuth continued, "This year Easter falls two weeks earlier than in 2011, and it is always difficult to predict the impact on sales of such holiday shifts. While we hope to do better, we continue to forecast a 1% to 2% increase in April same store sales.

"That said, based on our better-than-expected performance in February and March, we are raising our earnings per share guidance for the first quarter ending April 28, 2012 to $.89 to $.91, up from our prior forecast of $.82 to $.86. This new range represents a projected 20% to 23% increase over earnings per share of $.74 in the prior year period."

Ross Stores

Must ReadView All

L-R Manish Singhai, COO, Peter England; Vinai Kumar Saxena, chairman, KVIC; Ashish Dikshit, business head, ABFRL and Anshu Sinha, CEO, KVIC while signing agreement. Courtesy: ABFRL

Textiles | On 24th May 2017

Aditya Birla & KVIC enter into a strategic partnership

Aditya Birla Fashion and Retail Ltd (ABFRL) and Khadi and Village...

Courtesy: Jabong

Apparel/Garments | On 24th May 2017

Jabong Mood Store redefines online shopping in India

Jabong, India's leading online fashion retailer, has launched the...

Textiles | On 24th May 2017

Starlinger unveils FX 8.0 circular loom for fabric making

Starlinger, a leading supplier of machinery for woven plastic...

Interviews View All

Shawn Honeycutt
Bolger & O'Hearn

‘The Indian market is interesting and rather persistent in seeking new...

Manfred Mentges
Sedo Treepoint GmbH

We see a higher demand in colour management systems, as customers see big...

Subhashini Srinivasan
The S Studio

Ethnicwear market will see an upward trend if uniqueness and quality are...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
May 2017

May 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search