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Ross Stores reports 12% gain in store sales
07 Mar '08
1 min read
Ross Stores Inc reported that sales increased 12% to $444 million for the four weeks ended March 1, 2008, up from $395 million for the four weeks ended March 3, 2007. Comparable store sales for the month increased 4% over the prior year.
Michael Balmuth, Vice Chairman, President and Chief Executive Officer, commented, "We are pleased with the strong, better-than-expected sales gains we achieved in February. We believe the month benefited from our ability to deliver competitive bargains, driving broad-based geographic and merchandise trends.
Results also were aided by favorable weather comparisons, especially in the Mid-Atlantic which was the best performing market during the month."
Michael Balmuth, Vice Chairman, President and Chief Executive Officer, commented, "We are pleased with the strong, better-than-expected sales gains we achieved in February. We believe the month benefited from our ability to deliver competitive bargains, driving broad-based geographic and merchandise trends.
Results also were aided by favorable weather comparisons, especially in the Mid-Atlantic which was the best performing market during the month."
Ross Stores Inc
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