ross stores

Ross Stores Opens 39 Locations

Ross Stores has recently opened 30 Ross Dress for Less and nine DD’s Discounts stores across 17 different states in October. The new locations complete the company’s store growth plans for fiscal 2020 with the addition of 66 new stores. 

Ross Stores Faces Headwinds In Q2

In the second quarter, off-pricer Ross Stores continued to weigh the impact the coronavirus pandemic had on its stores, as net sales declined significantly, although the company managed to post a profit.

Ross Stores Q1 Operations Impacted By Pandemic

Ross Stores reported a sales decline and a net loss in its fiscal 2020 first quarter. Both sales and earnings reflect the closure of all Ross Dress for Less and DD’s Discounts locations starting on March 20 through the quarter end due to the ongoing spread of COVID-19 throughout the U.S.

Ross Stores Furloughs Workforce

As its stores remain closed due to the coronavirus pandemic, Ross Stores will temporarily furlough the majority of its store and distribution center associates, as well as some other associates across the business starting on Sunday, April 5, and until operations can resume in their areas.

Ross Stores On Track For 100 New Locations

Ross Stores, with the recent opening of 19 Ross Dress for Less and seven DD’s Discount locations across nine different states in February and March, is on its way to fulfilling a goal to debut 100 total locations this year. 

Ross Stores Rolls Through Q2

Ross Stores rolled through the second quarter, growing both sales and earnings. The off-price retailer also updated its earnings guidance with a cautious eye on the new tariffs on goods sourced from China.

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