Ross Stores, Inc. reported sales for the four weeks ended Jan. 28, 2012 of $483 million, an increase of 10 percent over the $441 million in sales for the four weeks ended Jan. 29, 2011. Same store sales for the four weeks ended January 28, 2012 grew 5 percent on top of 3 percent and 8 percent gains in the prior two years.
For the 13 weeks ended Jan. 28, 2012, sales rose 12 percent to $2.398 billion, from $2.145 billion for the 13 weeks ended Jan. 29, 2011. Comparable store sales for the quarter ended January 28, 2012 increased 7 percent on top of 4 percent and 10 percent growth in the fourth quarters of 2010 and 2009, respectively.
For the 52 weeks ended January 28, 2012, sales grew 9 percent to $8.608 billion, compared to $7.866 billion in sales for the 52 weeks ended January 29, 2011. Comparable store sales for the 2011 fiscal year rose 5 percent on top of 5 percent and 6 percent increases in fiscal 2010 and 2009.
Michael Balmuth, vice chairman and chief executive officer, commented, “Sales for both January and the fourth quarter of fiscal 2011 were well ahead of our expectations as our wide assortments of compelling name-brand bargains continue to appeal to today's value-focused consumers. Juniors, Shoes and Children's were the strongest merchandise categories during the month, while Florida and the Mid-Atlantic were the top performing regions.”
