Ross Stores gains market share from mainstream retailers

pymnts.com

Ross Stores reported robust sales growth, indicating it is capturing market share from mainstream retailers. The off-price retailer saw comparable store sales increase 9% in the latest quarter, with total sales up 12%. CEO Jim Conroy attributed this success to shoppers shifting from department stores and similar retailers. Ross Stores operates Ross Dress for Less and dd's DISCOUNTS and plans to open 110 new stores in 2026, aiming for a total of 3,600 locations long-term.


With a significance score of 1, this news ranks in the top 65% of today's 31279 analyzed articles.

Get summaries of news with significance over 5.5 (usually ~10 stories per week). Read by 10,000+ subscribers:


Ross Stores gains market share from mainstream retailers | News Minimalist