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Ross Q4: Packaway, Port Problems and Potential Opportunity

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.

While persistent port congestion eats into its own and others’ profits, off-price empire Ross Stores Inc. sees a potential opportunity. CEO Barbara Rentler, speaking on a call with investors to discuss the company’s fourth-quarter and full-year earnings, said West Coast port congestion “obviously has slowed down some of the receipts coming into the country.” And…

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