Ross Stores, Inc. reported that sales for the four weeks ended August 29, increased 11% to $557 million from $504 million a year ago. Same store sales for the month rose 6% on top of a 3% gain last year.
Michael Balmuth, vice chairman, president and chief executive officer, commented, “We are very pleased with our better-than-expected sales gains in August, which benefited from healthy back-to-school traffic during the month. Dresses and Shoes remained the strongest merchandise categories, while the Southeast was the best-performing market. Looking ahead, we continue to forecast same store sales gains of 6% to 7% for September and 5% to 6% for October.”
For the seven months ended August 29, 2009, sales totaled $4.018
billion, up 9% over the $3.700 billion in sales for the seven months
ended August 30, 2008. Comparable store sales increased 3% on top of a 4% gain in the prior
year period.
