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Ross Stores expanding in Texas, Northern California
Dublin, Calif. -- Ross Stores’ said its Ross Dress for Less will open three new locations in Texas on March 8, for a total of over 160 stores in the chain’s second largest state. The new Texas stores will be located in the Katy Mills shopping center in Katy, Rayzor Ranch Marketplace in Denton, and The Pavillions in El Paso.
Ross is also expanding its dd’s Discounts brand, opening two new locations in Northern California on March 1. The new stores are in White Road Plaza in San Jose and Hatch Road Center in Ceres.
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Sears narrows Q4 loss as it cuts costs and inventory; sales drop 14%
Hoffman Estates, Ill. - Sears Holdings Corp. narrowed its loss for the fourth quarter as it lowered expenses and reduced inventory.
Sears said Thursday that it lost $358 million for the period ended Feb. 1, compared with a loss of $489 million a year ago.
Sales plunged 14% to $10.6 billion, from $12.3 billion. Sears’ revenue performance was hurt partly by having one less week in the latest quarter and having fewer Sears and Kmart stores, the company said.