by Mike Duff | Jun 20, 2023 | Retail Articles
The dd’s Discounts division of Ross Stores continues to add new locations, with multiple store openings slated for June 24. As part of its expansion initiatives, Ross reported will open a 17,000-square-foot dd’s Discount store in Salinas, CA; a 19,000-square-foot...
by Mike Duff | May 19, 2023 | Retail Articles
Ross had a solid quarter, with sales and earnings gaining enough to beat Wall Street estimates. The company posted net earnings of $371.2 million, or $1.09 per diluted share, versus $338.4 million, or 97 cents per diluted share, in the year-prior quarter. Comparable...
by Mike Duff | Mar 9, 2023 | Retail Articles
In February and March, Ross Stores opened 11 namesake and eight dd’s Discounts stores in 13 of the United States. Both banners expanded in existing markets including those in California, Texas, and Florida, the company noted. For dd’s, growth also included...
by Mike Duff | Mar 8, 2023 | Retail Articles
Ross Stores beat Wall Street fourth-quarter estimates as consumers responded to the off-price retailer’s updated assortments and values, the company reported. Ross Stores posted a net income of $447 million, or $1.31, per diluted share for the quarter versus...
by Mike Duff | Feb 15, 2023 | Retail Articles
The Neiman Marcus Group has announced strategic changes to its operating model, including executive moves and as much as a 5% workforce reduction, designed to accelerate the company’s pursuit of its strategic goal to “Revolutionize Luxury...
