There were 1,519 press releases posted in the last 24 hours and 429,064 in the last 365 days.

Retail Watch: Ross Sees Sales Gain In May

June 4, 2010 (FinancialWire) — Ross Stores, Inc. (NASDAQ: ROST) said that its sales increased 9% to $614 million for the four weeks ended May 29, 2010, up from $564 million for the four weeks ended May 30, 2009. Comparable store sales for the month grew 5% on top of a 4% gain in the prior year period.

For the 17 weeks ended May 29, 2010, Ross said that its sales totaled $2.549 billion, a 13% increase over the $2.256 billion in sales for the 17 weeks ended May 30, 2009. Comparable store sales for the 17 weeks ended May 29, 2010 increased 8% on top of a 3% gain last year.

Michael Balmuth, Ross’ CEO, said, "We are pleased to report that comparable store sales in May were ahead of our expectations for a 2% to 3% increase.”

He said that Dresses and Home were the firm’s strongest merchandise categories, while Florida and the Southeast were the best-performing regions.

The Company plans to issue June 2010 sales results on July 8.

California-based Ross Stores is an off-price retailer that posted fiscal 2009 revenues of $7.2 billion.  As of May 29, the company operated 967 Ross Dress for Less stores and 54 dd's Discounts locations, compared to 922 Ross and 52 dd's locations at the end of the same period last year.  

Real-time, streaming research for companies and funds mentioned in FinancialWire(tm) news is available via the Investrend Research Syndicate, courtesy of Stock Smart (at http://investrend.stocksmart.com/ss/html/hpcompany.html).

FinancialWire(tm) is committed to serving the financial community through true journalism and providing relevant resources to investors. Standards-based, independent equity research on numerous public companies is available through the Investrend Research Syndicate (http://www.investrend.com/reports) written by FIRST Research Consortium (http://www.investrend.com/FIRST) member-providers. Free annual reports and company filings for companies mentioned in the news are available through the Investrend Information Syndicate (at http://investrend.ar.wilink.com/?level=279). FinancialWire(tm), in cooperation with the Investrend Broadcast Syndicate, also provides complete, daily conference call and webcast schedules as a service to shareholders and investors via the FirstAlert(tm) Network’s “FirstAlert(tm) Daily” (at http://www.financialwire.net/news-alerts/).

FinancialWire(tm) is a fully independent, proprietary news wire service. FinancialWire(tm) is not a press release service, and receives no compensation for its news, opinions or distributions. Further disclosure is at the FinancialWire(tm) website at http://www.financialwire.net/disclosures.php and http://www.financialwire.net/2010/04/23/safe-harbor/). Additional resources for investors are also accessible via the FinancialWire(tm) website (at http://www.financialwire.net/2010/04/23/investor-resources/). Contact FinancialWire(tm) directly via inquiries@financialwire.net.

[hlmsmlh] [dscrtnryrn] [bsnnssb] [dvcmntnmc] [btnwswntb]

Legal Disclaimer:

EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.