Ross Stores, Inc. reported that sales increased 8 percent to $659 million for the four weeks ended Aug. 27, 2011, up from $608 million in sales for the four weeks ended Aug. 28, 2010. Comparable store sales for the month grew 4 percent on top of a 5 percent increase in the prior year.
For the seven months ended August 27, 2011, sales totaled $4.823 billion, an 8 percent increase over the $4.455 billion in sales for the seven months ended August 28, 2010. Comparable store sales for the seven months ended August 27, 2011 grew 4 percent on top of a strong 7 percent gain in 2010.
Michael Balmuth,
Vice Chairman and Chief Executive Officer, commented, “August same
store sales were slightly ahead of our expectations for a 2% to 3% gain.
Our performance continues to benefit from our ability to offer
value-conscious customers a wide array of terrific brand-name bargains
while strictly controlling inventories and expenses. Dresses 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 both September and October.”
