Advertisement
YOU ARE HERE: LAT HomeCollectionsRoss Stores
IN THE NEWS

Ross Stores

FEATURED ARTICLES
BUSINESS
May 24, 2001 | Bloomberg News
Ross Stores Inc.'s fiscal first-quarter profit fell 15% to $34.7 million, or 43 cents a share, as a decline in consumer spending, combined with bad weather and higher costs, hurt the retailer of lower-price clothing and accessories. The company's profit matched the average estimate of analysts surveyed by First Call/Thomson Financial. Sales rose 6.5% to $674.4 million, Ross Stores said. Shares of Newark, Calif.-based Ross Stores fell 32 cents to close at $24 in Nasdaq trading.
ARTICLES BY DATE
BUSINESS
June 3, 2011 | By Shan Li, Los Angeles Times
Shoppers appeared to be more cautious last month in spending for clothing and other items as rising gas and food prices took up a bigger chunk of their disposable income, raising some concern about a possible slowdown in sales over the summer. Major retail chains reported a modest 4.9% gain in sales last month compared with a year earlier, below analysts' predictions of a 5.4% rise, according to Thomson Reuters' tally of 24 retailers released Thursday. At the Westfield Culver City mall, shoppers said that rising temperatures had put them in the mood to browse for swimsuits and other summer apparel.
Advertisement
BUSINESS
May 20, 2004 | From Associated Press
Ross Stores Inc. posted a 1.6% drop in profit Wednesday for its latest quarter as higher distribution costs nibbled away at its bottom line. The discount apparel chain also gave a discouraging profit forecast for the next two quarters. Shares of Ross Stores declined $1.15, or 4.5%, to $24.50 on Nasdaq. They have gained 25% in the last year. Net income for the company's fiscal first quarter ended May 1 fell to $48.5 million, or 32 cents a share, from $49.3 million, or 32 cents, a year earlier.
BUSINESS
August 9, 2009 | Times Staff And Wire Reports
About 200,000 Black & Decker GH1000 Grasshog XP string trimmer/edgers, manufactured in China by Black & Decker (U.S.) Inc. of Towson, Md., are being recalled because some parts can come loose and fly out of the tools. This poses a risk of cuts to the user as well as bystanders. The company recalled the products in July 2007 after receiving more than 700 reports of incidents, including 58 reports of injuries. It has received more than 100 additional injury reports, prompting a new announcement in conjunction with the Consumer Product Safety Commission.
BUSINESS
February 20, 1985
The Newark, Calif.-based off-price operator said two stores will be opened in Denver and one each in Colorado Springs, Colo.; La Mesa and Alameda, Calif.; Tulsa, Okla., and Houston. They are the first of 25 to 35 new Ross Stores planned for this year and come less than five months after 18 stores were opened last October. With the seven new stores, Ross will operate a total of 73 outlets in eight states.
BUSINESS
August 9, 1985 | NANCY YOSHIHARA, Times Staff Writer
Ross Stores, a fast-growing Newark, Calif.-based off-price chain, on Thursday made an initial public offering valued at $51 million. Proceeds will be used for expansion of stores and the company's distribution center and repayment of debt. Morgan Stanley & Co. of New York, which co-managed the offering with Montgomery Securities, said the 3 million shares of Ross common stock, offered at $17 a share, sold out in the over-the-counter market. Of the shares offered, 1.
BUSINESS
May 21, 2003 | From Reuters
Discount apparel retailer Ross Stores Inc. on Tuesday said first-quarter earnings rose 3% as cost controls and new-store openings offset the effects of chilly weather and the war in Iraq. Newark, Calif.-based Ross, which sells branded apparel at discount prices with the slogan "Dress for Less," said net income for the quarter ended May 3 rose to $49.3 million, or 63 cents a share, from $47.7 million, or 59 cents, a year earlier. Sales rose 7% from a year earlier, to $820 million.
BUSINESS
April 12, 1985
Ross, a privately held company headquartered in San Francisco, operates a chain of off-price stores specializing in the sale of brand-name family apparel and accessories. At the end of its fiscal year on Feb. 2, 1985, Ross was operating 66 stores in the Western United States with sales of $210 million, compared to sales of $76 million and 26 stores the previous year. Clearwater, Fla.-based Eckerd acquired its sake in Ross Stores for an undisclosed amount.
BUSINESS
March 17, 2005 | From Associated Press
Discount clothing chain Ross Stores Inc. on Wednesday posted a 31% plunge in profit for its latest quarter, saying merchandise imbalances at its stores and higher expenses hurt its bottom line. For the fourth quarter ended Jan. 29, net income fell to $49.4 million, or 33 cents a share, from $71.3 million, or 46 cents, a year earlier, the Pleasanton, Calif.-based company said. The results for the latest quarter included a charge of $2.
BUSINESS
February 27, 1987
The off-price retailer, based in Newark, Calif., said it was informed that a class-action lawsuit alleging that securities laws violations had been filed against it, certain current and former directors and officers, and Morgan Stanley & Co., the managing underwriter of its August, 1985, initial public offering. The company said it had not yet seen the complaint. Last week, Ross President and Chief Executive Donald E.
BUSINESS
August 21, 2008 | From Times Wire Services
Ross Stores Inc., owner of the Ross Dress for Less discount chain, said fiscal second-quarter profit and sales rose and forecast that full-year earnings would be higher than a previous projection. Net income jumped 40% to $71.3 million, or 54 cents a share, and revenue rose 14% to $1.64 billion, matching average estimates in a Bloomberg survey. Shares of Pleasanton, Calif.-based Ross fell 33 cents to $38.03 after the news. The firm forecast profit for the year ending Jan. 31 of $2.33 to $2.38 a share, up from a May projection of $2.29.
BUSINESS
May 24, 2007 | From Times Wire Services
Off-price retailer Ross Stores Inc. said fiscal first-quarter net income rose 13% on strong sales of home products and dresses, but it gave a second-quarter outlook that was below analysts' estimates. The Pleasanton, Calif.-based company forecast second-quarter earnings per share in the range of 35 cents to 37 cents. Analysts were expecting Ross to post 38 cents a share in the second quarter, according to Reuters Estimates.
BUSINESS
March 22, 2007 | From Bloomberg News
Discount clothing retailer Ross Stores Inc. said fourth-quarter profit increased 31% on demand for shoes and household items. Net income rose to $93.1 million, or 66 cents a share, from $71 million, or 49 cents, a year earlier, the Pleasanton, Calif.-based company said. Sales climbed 14% to $1.61 billion. Demand for shoes and home goods helped the nearly 800-store company report its ninth consecutive quarter in which revenue rose at least 10%.
BUSINESS
May 19, 2005 | From Bloomberg News
Discount clothing retailer Ross Stores Inc. said Wednesday that fiscal first-quarter profit rose 4%, the first such increase in more than a year. Net income climbed to $50.1 million, or 34 cents a share, from a restated $48.1 million, or 31 cents, a year earlier. Sales in the period ended April 30 increased 13% to $1.12 billion. The Pleasanton, Calif.-based company said its bestselling items were clothing for young adults, accessories and shoes.
BUSINESS
March 17, 2005 | From Associated Press
Discount clothing chain Ross Stores Inc. on Wednesday posted a 31% plunge in profit for its latest quarter, saying merchandise imbalances at its stores and higher expenses hurt its bottom line. For the fourth quarter ended Jan. 29, net income fell to $49.4 million, or 33 cents a share, from $71.3 million, or 46 cents, a year earlier, the Pleasanton, Calif.-based company said. The results for the latest quarter included a charge of $2.
BUSINESS
February 9, 2005 | From Bloomberg News
Ross Stores Inc., which sells discount clothing and home goods, said President James Peters resigned and Chief Executive Michael Balmuth would assume his title as the company reshuffles management after three quarters of profit declines. Peters, who had been president and chief operating officer since 2000, also resigned from the board, Pleasanton, Calif.-based Ross said. Gary Cribb was named chief operations officer.
BUSINESS
May 23, 2002 | From Bloomberg News
Ross Stores Inc. said Wednesday that profit rose 37% in its fiscal first quarter to $47.7 million, or 59 cents a share, meeting raised expectations, as it boosted sales and controlled costs. Several other California retailers also announced improved results for the fiscal quarter ended May4. The Newark-based discount retailer benefited from adding more brand-name clothing and home goods, investors said. Sales climbed 22% to $819.6 million, and sales at stores open at least a year jumped 10%.
BUSINESS
November 17, 2004
* Discount apparel retailer Ross Stores Inc. said third-quarter profit fell 25% amid higher costs and more markdowns. Net income fell to $38.1 million, or 26 cents a share, from $50.5 million, or 33 cents, a year earlier, the Pleasanton, Calif.-based company said. Sales rose 5.2% to $1.03 billion.
Los Angeles Times Articles
|