Home / Knowledge / News / Apparel/Garments / Ross Stores eleven months sales up 10%
Ross Stores eleven months sales up 10%
07
Jan '11
Ross Stores Inc reported that sales for the five weeks ended January 1, 2011 increased 8% to $1.008 billion from $934 million for the five weeks ended January 2, 2010. Same store sales for the month rose 4% on top of an outstanding 12% gain in the prior year.

For the eleven months ended January 1, 2011, sales totaled $7.425 billion, up 10% over the $6.773 billion in sales for the eleven months ended January 2, 2010. Comparable store sales for the eleven months ended January 1, 2011 grew 5% on top of a 6% increase last year.

Michael Balmuth, Vice Chairman and Chief Executive Officer, commented, "We are pleased to report that both sales and margins in December were well ahead of our expectations. These results are especially noteworthy considering the very challenging prior year comparisons.

“Our continued ability to deliver exceptional bargains, combined with consumers' ongoing focus on value, drove healthy traffic to our stores during the month. Juniors and Dresses were the strongest merchandise categories, while Florida continued to be the top performing market."

Looking ahead, Mr. Balmuth continued, "For the 13 weeks ending January 29, 2011, we now project earnings per share of $1.32 to $1.34, for a forecasted increase of 14% to 16% compared to $1.16 in last year's fourth quarter. This updated earnings per share range is based on our actual sales and margin results in November and December along with our continued assumption for a 1% to 2% decline in January same store sales.

“In addition, our merchants have been able to take advantage recently of a large amount of compelling close-out opportunities in the marketplace. As a result, guidance also reflects a projected timing benefit to distribution costs related to our expectation of higher packaway inventory levels at the end of the fourth quarter."

Ross Stores Inc


Must ReadView All

India's garment exports up 24.93% in September 2017

Textiles | On 16th Oct 2017

India's garment exports up 24.93% in September 2017

The exports of readymade garments from India in September 2017 was...

Low GST rate on zari will generate jobs for women: SRTEPC

Textiles | On 16th Oct 2017

Low GST rate on zari will generate jobs for women: SRTEPC

There will be a rise in the employment for women with the slash in...

Consumers may suffer if no assurance to EU workers in UK

Apparel/Garments | On 16th Oct 2017

Consumers may suffer if no assurance to EU workers in UK

Consumers may suffer if the British Government does not quickly offer ...

Interviews View All

Asim Dalal
Indo Count Retail Ventures

Today, there is no other emerging market as India, "we make in India and...

Sunil Rathore
Lacoste India

‘New vendor is welcome if he offers cost, quality and timely delivery’

C. Dhandayuthapani
Mag Solvics Pvt. Ltd

ITME 2016 exploited our full strength like never before

Vikas Banduke

Softech Controls Private Limited (SCPL) is a part of the Cotmac Group, an...

Harsh Shah

Established in 1956 with a small beginning, Embee today manufactures a...

C Dhandayuthapani

MAG Solvics Private Limited was established in 1991 to design and develop...

Eamonn Tighe
Nature Works LLC

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

Larry L Kinn
Suominen Corporation

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

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Silvia Venturini Fendi
Fendi s.r.l

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

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

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

October 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
76.9%
No
13.8%
Skip
9.2%

Total Votes: 65

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.5%
No
27.7%
Skip
10.8%

Total Votes: 65

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
84.6%
No
10.8%
Skip
4.6%

Total Votes: 65

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
73.8%
No
12.3%
Skip
13.8%

Total Votes: 65


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