Ross Stores, Inc. said total sales increased 9% to $608 million for the four weeks ended August 28, 2010, up from $557 million for the four weeks ended August 29, 2009. Comparable store sales for the month grew 5% on top of a 6% increase in the prior year.
For the seven months ended August 28, 2010, sales totaled $4.455 billion, an 11% increase over the $4.018 billion in sales for the seven months ended August 29, 2009. Comparable store sales for the seven months ended August 28, 2010 grew 7% on top of a 3% increase in 2009.
Michael Balmuth, Vice Chairman and Chief Executive Officer, commented, “We are pleased with August sales that were slightly above our expectations for a 3% to 4% increase. Our ability to offer terrific bargains on a wide array of product for back-to-school shoppers drove healthy traffic to our stores during the month. Dresses, Home and Shoes were the strongest merchandise categories, while Florida was the best-performing market. Looking ahead, we continue to forecast same store sales of up 1% to 2% for September and flat to up 1% for October.”
