Home / Knowledge / News / Apparel/Garments / Ross Stores sales up 15%
Ross Stores sales up 15%
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

Apparel/Garments | On 21st Oct 2016

China’s garment retail sales grow 7.2% in Jan-Sept ’16

Retail sales of garments, footwear, hats and knitwear of Chinese...

Mike Preston, executive director of the Arkansas Economic Development Commission (AEDC), signing MoU with Tang from Suzhou Tianyuan Garments company. Courtesy: Government of Arkansas

Apparel/Garments | On 21st Oct 2016

Suzhou Tianyuan to open $20 mn garment factory in US

Suzhou Tianyuan Garments company, a Chinese manufacturer of casual...

Textiles | On 21st Oct 2016

Pakistan’s textile exports fall 5.96% y-o-y in Q1 FY17

The value of textile and garment exports made by Pakistan decreased...

Interviews View All

Angelina Francesca Cheang

'Consumers in the age-group 21 to 38 are driving the activewear trend'

Abhishek Ganguly
Puma India

‘As a brand, Puma is always looking for new and innovative ways to inspire ...

Claudia Kersten
Global Organic Textile Standard

‘GOTS is a very efficient supply chain management tool, especially for...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Robert Brunner

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

Pranav Mishra

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

October 2016

October 2016

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


Browse Our Archives


Advanced Search