Among consumers who expect to have to dip into their savings this year, most expect to do so to afford items and services they need, rather than to treat themselves to nonessential purchases. By the Numbers “The Pessimism About Pay Rises Offsets the Effect of Falling Inflation” installment of...
With consumers cutting back on discretionary spending while trading down to value-focused merchants, Ross Stores is seeing these belt-tightening behaviors prove to be a mixed bag. The company, which operates more than 2,000 off-price stores across the country under its Ross Dress for Less and...
Positive customer response to value and convenience contributed to third-quarter results that outperformed expectations at Ross Stores. The off-price retailer released its third-quarter earnings Thursday (Nov. 16), reporting strong sales and earnings. “We are pleased that both sales and earnings outperformed our expectations as customers responded...
As inflation exerts its influence on consumer purchasing decisions, off-price retailers are benefiting. Among the off-price retailers, TJX Companies has recently reported benefiting from the patronage of Gen Z consumers, a demographic known for their budget-conscious shopping. Now, another retailer, Ross Stores, has emerged as...
May 23, 2022
Recessions are peculiar beasts. They’re both natural and normal, yet dreaded and inevitable. In much the same way hurricane-prone regions can go years — even decades — without being ravaged by a storm, eventually the normal cycle of nature returns — and when it does, the damage inflicted can’t be assessed until long after things […]
November 16, 2023
Positive customer response to value and convenience contributed to third-quarter results that outperformed expectations at Ross Stores. The off-price retailer released its third-quarter earnings Thursday (Nov. 16), reporting strong sales and earnings. “We are pleased that both sales and earnings outperformed our expectations as customers responded favorably to the terrific values we offered throughout our stores,” […]
October 31, 2022
Discount apparel retailer Ross Stores has opened 40 new stores in recent months, part of a plan to grow to 3,000 brick-and-mortar locations as inflation-weary consumers seek deals on apparel. According...
May 20, 2022
The inflation-fueled quest by shoppers to maximize every dollar clearly hasn’t helped discount fashion retailer Ross Stores, which saw its stock dip almost 25% early Friday (May 20) following a...
August 20, 2021
Executives at Ross Stores, the parent of Ross Dress for Less and dd’s DISCOUNTS apparel and home goods stores, are concerned that a global supply chain crunch driven by the...
