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Ross Trims Planned Store Openings as Q1 Losses Top $300 Million

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Ross Stores revealed it suffered net losses of $306 million in the 2020 first quarter due to store closures during the coronavirus pandemic.
CREDIT: Ross Stores

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On the same day chief competitor TJX Companies said it incurred an $887 million first quarter net loss amid COVID-19-related store shutdowns, Ross Stores reported a similar fate, with net losses for the 2020 first quarter reaching $306 million. The off-price retailer, which closed all stores on March 20 as the pandemic spread, saw its…

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