Interviews
Shoes, home, children's & juniors section drive Ross Stores Sept sales
07 Oct '05
2 min read
Branded apparel, accessories and footwear provider Ross Stores Inc reported sales of $446 million for the five week period ended October 1, 2005, a 19 percent increase above the $374 million in sales for the five weeks ended October 2, 2004. Comparable store sales for the same period rose 9 percent over the prior year.
For the eight month period ended October 1, 2005, sales were $3.130 billion, a 16 percent increase above the $2.687 billion in sales for the prior year's comparable period ended October 2, 2004. Comparable store sales for the eight months grew 6 percent over the prior year.
Michael Balmuth, Vice Chairman, President and Chief Executive Officer commented that they are pleased to report that September results were ahead of their forecast for a 6 percent to 7 percent increase in comparable store sales, benefiting from continued strength in Shoes, Home, Children's and Juniors.
In addition, most of the higher-than-planned business during September was driven by full-margin sales, as markdowns remained in line with expectations. Looking ahead, they continue to project that same store sales will increase 3 percent to 4 percent in October on top of a 4 percent gain in the prior year.
Nation's second largest off-price company California based Ross Stores Inc offers first-quality, in-season, name brand and designer apparel, accessories, footwear and home fashions for the entirefamily at everyday savings of 20 to 60 percent off department and specialty store regular prices. dd's DISCOUNTSSM features a more moderately-priced assortment of first-quality, in-season, name brand apparel, accessories, footwear and home fashions for the entire family at everyday savings of 20 to 70 percent off moderate department and discount store regular prices.
For the eight month period ended October 1, 2005, sales were $3.130 billion, a 16 percent increase above the $2.687 billion in sales for the prior year's comparable period ended October 2, 2004. Comparable store sales for the eight months grew 6 percent over the prior year.
Michael Balmuth, Vice Chairman, President and Chief Executive Officer commented that they are pleased to report that September results were ahead of their forecast for a 6 percent to 7 percent increase in comparable store sales, benefiting from continued strength in Shoes, Home, Children's and Juniors.
In addition, most of the higher-than-planned business during September was driven by full-margin sales, as markdowns remained in line with expectations. Looking ahead, they continue to project that same store sales will increase 3 percent to 4 percent in October on top of a 4 percent gain in the prior year.
Nation's second largest off-price company California based Ross Stores Inc offers first-quality, in-season, name brand and designer apparel, accessories, footwear and home fashions for the entirefamily at everyday savings of 20 to 60 percent off department and specialty store regular prices. dd's DISCOUNTSSM features a more moderately-priced assortment of first-quality, in-season, name brand apparel, accessories, footwear and home fashions for the entire family at everyday savings of 20 to 70 percent off moderate department and discount store regular prices.
Ross Stores Inc
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