Ross Stores gained in the second quarter with increases in both sales and earnings. The off-price retailer also raised its long-term store growth potential for both its namesake chain and DD’s Discounts division.
The July 23 issue of HOMEWORLD BUSINESS® features the 19th annual Impact Merchants special report. Housewares suppliers, representing the categories that HomeWorld covers, once again were asked to nominate buyers and merchandisers believed to have made a significant impact during the past year.
For the fiscal fourth quarter ended January 28, Ross Stores posted net earnings of $300.6 million, or 77 per diluted share, versus $264.2 million, or 66 cents per diluted share, in the period a year previous in large measure due to stronger than expected sales, which helped boost operating margin.