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.
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.
A range of retailers across channels are responding to the coronavirus outbreak with moves to temporarily close their stores, reduce store hours and other consumer and employee oriented initiatives.
Ross Stores has provided a business update in response to the impact of COVID-19 on the company’s operations.
Ross Stores has added Patricia Mueller and Larree Renda to its board of directors, effective immediately.
Ross Stores said that Bernie Brautigan, president, merchandising of Ross Dress for Less since 2016, is leaving the company. Senior merchant executives under his areas of responsibility will now report to CEO Barbara Rentler.