Home / Knowledge / News / Fashion / Shoes & accessories retailer Ross Stores posts positve growth in Oct

Shoes & accessories retailer Ross Stores posts positve growth in Oct

07
Nov '05
Branded apparel, accessories and footwear provider Ross Stores Inc reported sales of $402 million for the four weeks ended October 29, 2005, an 18 percent increase over the $342 million in sales for the four weeks ended October 30, 2004. Comparable store sales during October rose 7 percent over the prior year.
For the 13 weeks ended October 29, 2005, sales rose 20 percent to $1.237 billion, compared to $1.028 billion for the 13 weeks ended October 30, 2004. Comparable store sales for the third quarter increased 9 percent over the prior year period.

Sales for the 39 weeks ended October 29, 2005 rose 17 percent to $3.533 billion, compared to $3.028 billion for the 39 weeks ended October 30, 2004. Year-to-date, comparable store sales increased 6 percent over the prior year period.

Michael Balmuth, Vice Chairman, President and Chief Executive Officer said, 'They are encouraged by the continued trend of stronger-than-expected sales during October. The month benefited from ongoing strength in their Shoes and Juniors categories. In addition, most of the higher-than-planned business during October continued to be driven by full-margin sales.'

Balmuth continued, 'The earnings benefit from the ahead-of-plan sales and gross margin in the third quarter, however, is expected to be more than offset by higher-than-expected inventory shortage resulting from their recent physical inventory and related reconciliation of merchandise accounts payable. They believe the higher shrink in their stores was due in part to various systems-related issues they experienced over the past year.


Must ReadView All

Pic: Shutterstock

Textiles | On 14th Apr 2021

Sri Lanka to ban fabric imports

Sri Lanka is all set to ban the import of textile fabrics in a bid to ...

Pic: Sorbis / Shutterstock.com

Apparel/Garments | On 14th Apr 2021

Bangladesh apparel exports dip 2.55% in July-March FY21

Readymade garment exports from Bangladesh declined by 2.55 per cent...

Pic: Shutterstock

Textiles | On 14th Apr 2021

US proposal for global minimum corporate tax finds takers in Europe

The idea of a global minimum corporate tax floated by the US has...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Money never disappears-it just finds new opportunities

Textile Industry, Head honchos

Textile Industry
Head honchos

Marry craft and utility

Textile Industry, Head honchos

Textile Industry
Head honchos

Virtual reality would be the new normal

Dhruv Toshniwal & Udit Toshniwal,

Dhruv Toshniwal & Udit Toshniwal

Launched a year ago, Fashions Pvt Limited conceptualises and sees D2C...

Ritu Oberoi,

Ritu Oberoi

Mumbai-based Forsarees is a socially driven business enterprise, working...

Shambhu Nath Jha,

Shambhu Nath Jha

Leading research and consulting firm Fact.MR recently launched a report on ...

Steve McCullough & Marco Weichert, Functional Fabric Fair & Design and Development GmbH Textile Consult respectively

Steve McCullough & Marco Weichert
Functional Fabric Fair & Design and Development GmbH Textile Consult respectively

Functional Fabric Fair is a trade-exclusive event showcasing the latest...

Asif Rahman, MIP

Asif Rahman
MIP

MIP is a manufacturer and distributor of high-performance textiles and...

Sameer Sonkusale & Rachel Owyeung, Tufts University

Sameer Sonkusale & Rachel Owyeung
Tufts University

A team at the Tufts University in Massachusetts was recently in news for...

Vidur Adlakha & Riccardo Bennidini, La Fuori

Vidur Adlakha & Riccardo Bennidini
La Fuori

With an active presence in US, Italy and India, clothing brand La Fuori...

Megha Kumari & Jigar Mali, Label Megha & Jigar

Megha Kumari & Jigar Mali
Label Megha & Jigar

New Delhi based label Megha & Jigar blends India's unique handcrafts...

Niti Singhal, Twee In One

Niti Singhal
Twee In One

Best known for convertible clothing, Indian brand Twee In One by designer...

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


April 2021

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


Advanced Search