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Ross Q2 Beats Expectations

In What's New, Industry News by Accessories Staff

Ross Stores, Inc.’s strong Q2 results underscored how well off price is performing compared to traditional department stores. Net earnings grew to $317 million, compared to $282 million in the prior year. Sales rose 8% to $3.432 billion, with comp store sales up 4% (on top of 4% growth last …

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ROSS TO ADD 90 STORES

In What's New, Industry News by Accessories Staff

Discounters continue to expand. Ross Stores just announced it will be opening of 24 Ross Dress for Less® (“Ross”) and seven dd’s DISCOUNTS® stores across 15 different states in June and July. These new locations are part of the Company’s 2016 expansion plans to add approximately 70 Ross and 20 …

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Ross Stores Hires Stein Mart’s Brian Morrow to Head dd’s Discounts

In Reports, What's New, People by Accessories Staff

Dublin, CA and Jacksonville, FL—Ross Stores, Inc. announced today that Brian Morrow will join as President and Chief Merchandising Officer at dd’s DISCOUNTS effective December 7. Most recently Morrow was president/chief merchandising officer at Stein Mart. Morrow will report directly to Barbara Rentler, the Company’s Chief Executive Officer, and be …

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Executive Moves: Ross Stores, Deckers, Vera Bradley, RG Barry

In What's New, People by Accessories Staff

Ross Stores Appoints Michael Hartshorn Chief Financial Officer Dublin, CA—Ross Stores Inc. announced that Michael Hartshorn, 46, is being promoted to chief financial officer, retaining his senior vice president title, effective Feb. 2. Hartshorn will be responsible for the accounting, treasury, financial planning, tax, risk management and investor relations functions. …

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Ross Stores Q3 Profit Up 11%

In Reports, What's New, Industry News by Jeff Prine

Pleasanton, CA—Ross Stores Inc. reported last week that its third quarter profit grew 11% helped by a better-than-expected gross margin. For the quarter ended Nov. 2, the off-price retailer posted net income of $171.6 million, or 80 cents a share, compared with net income of $159.5 million, or 72 cents …