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Ross CEO: ‘Merchandise Deliveries Are Sliding’

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After a second quarter that came in ahead of Wall Street estimates, Ross Stores CEO Barbara Rentler warned that “merchandise deliveries are sliding,” a common refrain peers have repeated this earnings season amid port congestion, container shortages and dizzying freight fees. In a Nutshell: Though the market has “plenty of supply,” backlogs are delaying receipts…

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