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Ross Q4: Packaway, Port Problems and Potential Opportunity

The Rivet 50 is calling for nominations for leaders in the denim industry in 5 categories: design, influencer, leadership, sustainability and supply chain. Nominations close on May 23.

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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