Facebook Pinterest Search Icon SourcingJournal_horiz Tumbler Twitter Shape photo-camera graph-trend Shape latest-news icon / user

Ross Earnings, Sales Up But Guidance Spooks Shareholders

Fashion is at a crossroads: continue with cutting-edge strategies developed to persevere during Covid or slide back into familiar (yet unprofitable) habits? Get the experts' perspective at our in-person Sourcing Summit, Oct. 19 at New York’s Cipriani 42nd Street.

Ross beat expectations on both sales and income but a cautious forecast for FY18 dragged shares down. In a nutshell: A boost in foot traffic and larger basket size drove comps up for Ross Stores during the fourth quarter. The company noted children’s wear as a standout category and said cold weather items also performed well. While accessories struggled throughout the year, even that…

This content is for Annual and Limited members only. You can read up to five free articles each month with a Limited Level Subscription. Please log in, or subscribe.

Log In Subscribe

More from our brands