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Ross Stores see 4% same-store sales gain in March
06 Apr '06
2 min read
Discount clothing chain operator Ross Stores Inc has reported sales of $513 million for the five weeks ended April 1st 2006, a 13 percent increase above the $456 million in sales for the five weeks ended April 2nd 2005. Same-store sales for the month rose 4 percent over the prior year.
For the nine weeks ended April 1st 2006, sales totaled $870 million, a 13 percent increase above the $767 million in sales for the nine weeks ended April 2nd 2005. Same-store sales for the nine weeks ended April 1st 2006 grew 5 percent over the prior year.
Michael Balmuth, Vice Chairman, President and CEO, stated, "Same-store sales in March were ahead of our expectations. In general, our geographic performance was broadbased, and we continued to generate strong same store sales gains in our Home, Juniors and Shoe departments. Based on our recent trend, we are optimistic about meeting our prior same store sales forecast of up 7 to 8 percent in April, which benefits from the Easter calendar shift."
Ross Stores Inc, headquartered in Pleasanton, California, is the nation's second largest off-price company with fiscal 2005 revenues of $4.9 billion. It operates 726 Ross stores and 20 dd's DISCOUNTS locations, compared to 658 Ross stores and 10 dd's DISCOUNTS locations at the end of the same period last year.
Ross Stores offers first-quality, in-season, name brand and designer apparel, accessories, footwear and home fashions for the entire family at everyday savings of 20 to 60 percent off department and specialty store regular prices.
For the nine weeks ended April 1st 2006, sales totaled $870 million, a 13 percent increase above the $767 million in sales for the nine weeks ended April 2nd 2005. Same-store sales for the nine weeks ended April 1st 2006 grew 5 percent over the prior year.
Michael Balmuth, Vice Chairman, President and CEO, stated, "Same-store sales in March were ahead of our expectations. In general, our geographic performance was broadbased, and we continued to generate strong same store sales gains in our Home, Juniors and Shoe departments. Based on our recent trend, we are optimistic about meeting our prior same store sales forecast of up 7 to 8 percent in April, which benefits from the Easter calendar shift."
Ross Stores Inc, headquartered in Pleasanton, California, is the nation's second largest off-price company with fiscal 2005 revenues of $4.9 billion. It operates 726 Ross stores and 20 dd's DISCOUNTS locations, compared to 658 Ross stores and 10 dd's DISCOUNTS locations at the end of the same period last year.
Ross Stores offers first-quality, in-season, name brand and designer apparel, accessories, footwear and home fashions for the entire family at everyday savings of 20 to 60 percent off department and specialty store regular prices.
Ross Stores Inc
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