Home / Knowledge / News / Fashion / Ross Stores Vice Chairman pleased with November results
Ross Stores Vice Chairman pleased with November results
06
Dec '08
Ross Stores Inc reported sales of $568 million for the four weeks ended November 29, 2008, a 4% increase over the $547 million in sales for the four weeks ended December 1, 2007. Same store sales for the four weeks ended November 29, 2008 declined 2% from the four weeks ended December 1, 2007.

For the ten months ended November 29, 2008, sales were $5.320 billion, a 9% increase over the $4.870 billion in sales for the ten months ended December 1, 2007. Comparable store sales for the ten months ended November 29, 2008 rose 2% over the ten months ended December 1, 2007.

Michael Balmuth, Vice Chairman, President and Chief Executive Officer, commented, "We are pleased with our November results which continued to reflect the resilience of our off-price business model. Despite the tough economic and retail environment, same store sales for the month were slightly better than expected, with merchandise gross margin in line with plan. Dresses remained the best performing merchandise category for both the month and year-to-date periods, while geographic trends were generally broad-based. Looking ahead, we continue to forecast same store sales to be relatively flat for December and down 2% to 4% for January."

Ross Stores


Must ReadView All

NRF urges US Congress to step in, stop trade war

Apparel/Garments | On 21st Jun 2018

NRF urges US Congress to step in, stop trade war

The National Retail Federation (NRF) recently urged the US Congress...

Courtesy: Connor Group

Textiles | On 21st Jun 2018

Protectionism top threat to textile sourcing: William Connor

Protectionism is the biggest political factor and threat affecting...

Courtesy: Tintex

Textiles | On 21st Jun 2018

'Price ratio is key factor for knitted fabrics market'

The price ratio is a key factor for the global knitted fabrics market ...

Interviews View All

Shawn Honeycutt
Bolger & O'Hearn

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

Milind Khandwe
Hindoostan Innovation Centre

‘Modern technical textile is an indispensable tool for science and...

Awen Delaval
Samatoa

'Natural fibres are appreciated for traditional authenticity'

Nitesh Mittal

Kusumgar Corporates is a leading manufacturer of technical textiles and...

Harmeet Singh

New Delhi-based Jogindra Industries Private Limited provides an assortment ...

Urmil Arya

Sushila International, a well established textile organisation established ...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

Adriano Goldschmied
AG Jeans

The hype around 'designer jeans' was created by him. And the new wave 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

Leave your Comments


June 2018

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

news category


Related Categories:

Advanced Search