Ross Stores, Inc.

Stein Mart reported negative same-store sales growth on the same day that the company also lost its chief merchant to an off-price rival.

For the third quarter ended Oct. 31, Stein Mart comps fell 2.3%.

"Unseasonably warm weather impacted traffic and our sales during the third quarter," said Jay Stein, CEO. "We continue to have a positive outlook on our important fourth quarter holiday sales which will include incremental sales from six new stores opened through the third quarter plus four more new stores opening in November."

Whatever you have planned for Saturday, Oct. 10, specialty apparel retailer Ross Dress for Less will probably be busier.

The Ross Stores Inc. banner is opening six new stores, including three in a new market, as well as relocating a store.

Ross Stores Inc. is continuing an aggressive growth strategy for both its Ross Dress for Less and DD’s Discount banners. The new store openings are part of the retailer’s 2015 expansion program, totaling approximately 90 new locations during the year.

Ross Dress for Less will open four new stores on Oct. 10. These include two new stores in the Chicago area: a 25,000-sq.-ft. store in Palatine located in the Deer Grove Centre, and a 24,000-sq.-ft. Joliet store is located in Joliet Commons.

Dublin, Calif. — Ross Stores Inc. surpassed Wall Street expectations for profit and revenue in a successful second quarter of fiscal 2015. Net earnings rose 8% to $259 million from $240 million the same quarter the prior fiscal year.

Sales rose 9% to $2.97 billion from $2.73 billion, with same-store sales up 4%

On the heels of another successful quarter from off-price rival TJX, Ross Stores Inc. also reported a spike in same store sales for the second quarter.

For the second quarter ended Aug. 1, Ross Stores says net earnings rose 8% to $259 million from $240 million the same quarter the prior fiscal year. Sales rose 9% to $2.97 billion from $2.73 billion, with same-store sales up 4%

Dublin, Calif. -- dd’s Discounts, a division of Ross Stores, Inc., opened a new store in Lafayette, Louisiana, on June 27.  

The 21,000-sq.-ft. store is located in the Karam Shopping Center, a 100,238-sq.-ft. site at Evangeline Throughway and Willow Street.  
 

Dublin, Calif. -- dd’s Discounts, a division of Ross Stores, Inc., opened a new store in northeast Las Vegas on June 27. The 22,000-sq.-ft. store is located in Bonanza East Shopping Center at the intersection of North Eastern Avenue and East Bonanza Road, 1.5 miles northeast of downtown Las Vegas.  

The newest location brings the retailer’s total store count in the Las Vegas area to four.
 

Dublin, Calif. -- dd’s Discounts, a division of Ross Stores, Inc., opened a trio of new stores in California on June 27.

A 22,000-sq. ft. anchor store opened in Bell Gardens, California, in the El Tapatio Center, located at Florence Avenue and Jaboneria Road, eight miles southeast of downtown Los Angeles.  

In Perris, California, an 18,000-sq.-ft. store opened in the Perris Towne Center at the intersection of Perris Boulevard and Nuevo Road.