Ross Stores Inc
Latest Ross Stores Inc News and Updates
Why TJX Companies Might Post Tepid Earnings Growth in 2Q16
TJX Companies (TJX) will announce its results for the second quarter of fiscal 2016 on August 18. The second quarter ended on August 1, 2015.
What Went Wrong with Macy’s 1Q15 Operating Margins?
Macy’s (M) operating margins declined to 6.6% in 1Q15—ending May 2, 2015—from 7.1% in the same quarter last year. The operating income declined by 7.7%.
Nordstrom Raises Its Outlook Following Strong 2Q15 Results
Nordstrom (JWN) raised its outlook for fiscal 2015, which ends January 30, 2016, backed by strong sales growth in the first half of 2015.
Stock Price: Ross Stores Outperforms Off-Price Retailer Peers
On a year-to-date basis, Ross Stores’ stock price has appreciated more than that of other off-price retailers.
Burlington Stores Stock Soars on Impressive First-Quarter Earnings
Burlington Stores stock was up 8.4% as of 11:15 AM EST today in reaction to better-than-expected results for the first quarter, which ended on May 5.
Can TJX Companies Sustain Its Earnings Growth after Fiscal 2Q17?
Following the strong results in fiscal 2Q17, TJX Companies raised its earnings outlook for fiscal 2017. TJX expects its fiscal 2017 EPS to be in the $3.39–$3.43 range.
Macy’s Backstage: Off-Price Stores to Debut in Fall of 2015
On May 5, 2015, Macy’s (M) announced that it will enter the off-price business through four pilot stores in New York City.
Which Off-Price Retailer Is Operating at the Highest Margins?
Major off-price retailers have strong margins supported by lean operating models, efficient inventory management, and strong vendor relationships.
TJX Companies: Pricing Strategy Benefits US Sales in 2Q16
In the first six months of fiscal 2016, HomeGoods accounted for 12.2% of the consolidated net sales of TJX Companies. That’s up from 11.2% in the comparable period of the previous year.
The TJX Companies: Benefiting from International Presence?
The TJX Companies’ acquisition of Trade Secret marks the company’s presence in its eighth country and third continent.
Ross Stores or Burlington Stores: Which Looks Better in 2019?
Ross Stores and Burlington Stores stocks have risen 8.9% and 1.2%, respectively, on a year-to-date basis as of January 14.
Why Ross Stores Isn’t Keen on E-Commerce Growth
Ross Stores, which falls in the moderate off-price space, does not seem to be keen on expanding its e-commerce business and does not have an online store.
TJX Companies’ HomeGoods Segment Impressed in Fiscal 3Q16
TJX Companies’ HomeGoods segment reported strong same-store sales growth of 6%. The segment’s net sales grew by 12.8% to $959.8 million in 3Q16.
Why Is Nordstrom Selling Its Profitable Credit Card Portfolio?
Running a credit card division locks up some of a retailer’s capital and resources. Nordstrom’s credit card portfolio sale will let it focus on its core retail business.
How Ross Stores Made Its Mark in Off-Price Retailing
Ross Stores, a major player in the US off-price retail space, sells apparel, accessories, footwear, and home fashions at 20–60% discounts.
Why TJX is Trading at a Higher Valuation than Off-Price Peers?
As of March 24, 2016, TJX Companies was trading at a 12-month forward PE ratio of 22.3x—higher than other off-price retailers in its peer group.
Nordstrom’s Higher Valuations in 2015 Show Potential for Growth
As of May 11, Nordstrom was trading at higher valuations compared to most of its peers in the department store and off-price retail categories.
How TJX Companies and Ross Stores Fared in Q1
On May 21, TJX Companies (NYSE:TJX) reported weaker-than-expected results for the first quarter of fiscal 2021. COVID-19 impacted the results.
Macy’s Reveals Expansion Plans for Off-Price Backstage Stores
Macy’s entered the off-price retail space in September 2015 with the launch of three of its pilot Macy’s Backstage off-price stores.
Will Nordstrom’s Rack Stores Continue to Be a Key Growth Driver?
In 2Q15, Nordstrom Rack store sales increased by 12.9% to $857 million from the comparable quarter of the previous year.
A Look at the Consumer Sector’s Earnings
The Illinois-based beauty retailer Ulta Beauty (ULTA) plans to announce its 4Q17 earnings results on March 15.
Nordstrom Trading at Higher Valuation than Department Store Peers
Nordstrom is currently trading at a higher valuation than its department store peers Macy’s (M) and Kohl’s (KSS)
TJX Posts Strong Q4 Earnings, Dividend Hike
TJX Companies stock touched a new 52-week high of $64.95 on Wednesday. The company declared strong fourth-quarter results and a dividend hike.
Will Burlington Stores Get Stronger in 2020?
Burlington Stores (BURL) beat analysts’ earnings expectations in the first three quarters of fiscal 2019. Here’s what to expect in 2020.
Could Kohl’s Stock Continue to Fall?
Kohl’s stock has dropped 24.9% so far this year. Its peers Macy’s and Nordstrom have declined 47.5% and 16.6%, respectively, YTD.
TJX Companies and Ross Stores Finish the Year Strong
Off-price retailers emerged as consistent performers in the retail space. The stock of Ross Stores (ROST) and TJX Companies (TJX) surged 38.8% and 34.9%
How Does Target’s Historical Sales Growth Compare to Its Peers’?
Target opened 15 new stores in fiscal 2016. Its same-store sales rose 2.1%, with customer traffic at stores up 1.3%.
TJX Companies’ Q3 Earnings Impress Investors
TJX Companies (TJX) reported better-than-expected earnings results for the third quarter of fiscal 2020, which ended on November 2.
Can TJX Once Again Impress with Its Q3 Earnings?
TJX Companies (TJX) is scheduled to announce its fiscal 2020 third-quarter earnings results on November 19. Its third quarter ended on November 2.
How Analysts Rate Ross Stores Stock in 2019
The majority of analysts covering Ross Stores stock have a “buy” rating.
TJX Companies and Ross Stores: Assessing Store Growth Plans
While several retailers and department stores are closing down stores amid intense competition from online retailers, off-price retailers TJX Companies and Ross Stores (ROST) see a tremendous opportunity to grow their store base.
TJX Companies or Ross Stores: Whose Margins Look Better?
Margins of both TJX Companies (TJX) and Ross Stores (ROST) have been under pressure due to higher freight costs and wages.
Will Burlington Stores Deliver Strong Sales Growth in Q3?
Burlington Stores (BURL) is slated to announce its results for the third quarter of fiscal 2018 on November 28. Here’s what you can expect.
How Analysts Reacted to TJX’s and Ross Stores’ Q3 Results
TJX Companies and Ross Stores fell 4.4% and 9.4%, respectively, on November 20, the day they announced their earnings results.
Will TJX Companies’ Growth Story Continue in the Third Quarter?
TJX Companies (TJX) stock has risen by an impressive 40.6% on a YTD basis as of November 13.
Burlington Stores: How It Plans to Boost Sales
Burlington Stores (BURL) has had same-store sales growth for 22 consecutive quarters, which reflects the strength of its off-price business model.
Here’s What Drove Burlington Stores’ Sales Growth in Fiscal 4Q17
Burlington Stores (BURL) generated net sales of $1.94 billion in fiscal 4Q17, which exceeded analysts’ consensus sales estimate of $1.89 billion.
Where Does Ross Stores’ Valuation Stand after Fiscal 4Q17?
On March 8, 2018, Ross Stores (ROST) was trading at a 12-month forward PE (price-to-earnings) multiple of 18.4x.
Analysts Revise Ross Stores’ Stock Price Target after Fiscal 4Q17
On March 8, 2018, Ross Stores (ROST) stock was rated a “buy” by 17 out of the 23 analysts covering the stock (74%).
Appetite for Blockchain Could Transform Overstock
Overstock had a cash balance of $92.3 million at the end of 3Q17, compared with $24.3 billion for Amazon and $6.0 billion for eBay (EBAY).
Burlington Stores’ Growth Strategies
Burlington Stores (BURL) is taking several initiatives to deliver continued strong sales growth rates in a challenging market.
Looking at Off-Price Retailers’ Margins in Fiscal 2017
In fiscal 2016, Ross Stores’s gross margin increased 50 basis points to 28.7%.
Off-Price Retailers Look to Outperform Department Stores in 2017
Despite a rough retail environment, off-price retailers TJX Companies (TJX), Ross Stores (ROST), and Burlington Stores (BURL) have been delivering strong sales growth. In this series, we’ll compare their margins, stock price movements, and analyst recommendations.
Why is the Vanguard Morgan Growth Fund Having a Patchy YTD 2016?
Tech stocks have been beneficial to VMRGX, and its high exposure to consumer discretionary stocks may be helpful if consumer spending gets a boost.
Did the Brexit Vote Impact TJX’s International Sales in Fiscal 2Q17?
TJX Companies anticipates its TJX Canada segment to deliver same-store sales growth of 7%–8% in fiscal 2017 and sales of $3.1 billion–$3.2 billion.
Why TJX Companies’ 2Q Margins Could Be Under Pressure
TJX Companies’ (TJX) gross margin in fiscal 1Q17 rose by 50 basis points on a year-over-year basis to 28.8%.
Could Nordstrom’s Rack Stores Have Saved the Day in Q2?
Aside from operating full-line upscale stores, Nordstrom also conducts off-price business through its Nordstrom Rack stores and off-price digital channels.
Inside the Store Expansion Plans of Off-Price Retailers in 2016
By the end of fiscal 2015, TJX Companies had 2,697 off-price stores in the US under the names T. J. Maxx, Marshalls, HomeGoods, and Sierra Trading Post.
Why Off-Price Retailers Are Managing Inventory Better than Department Stores
Efficient inventory management is one of the key attributes of off-price retailers like TJX Companies (TJX) and Ross Stores (ROST).
Which Off-Price Retailer Has Higher Profitability in 2016?
The lean business models and low-cost structures of off-price retailers TJX Companies and Ross Stores have helped them sustain high operating margins.
What Jeffrey Sherman of DoubleLine Thinks about High Yield Market
Jeffrey Sherman was of the opinion that despite a rebound in equity markets, high yield investors may suffer due to volatility in the energy sector.
TJX Companies’ US Business in Fiscal 4Q16
The US business of TJX Companies consists of 1,156 T.J. Maxx stores, 1,007 Marshalls stores, 526 HomeGoods stores, and eight Sierra Trading Post stores.
Why Smaller Stores Provide a Better Growth Option for Burlington Stores
Burlington has been focusing on opening smaller stores. The average size of the new stores opened in 2013 and 2014 was a little over 60,000 square feet.
Burlington Stores’ Market Positioning in 2015 and Beyond
Burlington Stores targets the value-conscious, middle-class consumer. The number of customers making purchases at the company’s stores is large.
Burlington Looks forward to Strong E-Commerce Growth
Burlington Stores launched its e-commerce website in 1999, making it the first off-price retailer to have an online presence.
Can Nordstrom’s Rack Business Get Its Mojo Back?
Nordstrom (JWN) has aggressively expanded into the off-price space through its Nordstrom Rack stores.
Burlington Stores’ Core Strategic Priorities for Future Growth
In fiscal 2014, which for Burlington ended January 31, 2015, the company reported same-store sales growth of 4.9%, compared to 4.7% in fiscal 2013.
Understanding Burlington Stores’ Key Product Categories
Burlington Stores derives its revenue from the sale of value-priced apparel, coats, and family footwear, baby furniture, accessories, home décor, and gifts.
An Inside Out Look at Burlington’s Business Model
Burlington follows an EDLP model, which helps customers get up to 60–70% savings off prices of similar merchandise in department and specialty stores.
Burlington’s Small but Significant Presence in US Off-Price Retail
In 2016, the US off-price retail market segment is getting interesting, with more and more major department stores branching into this lucrative space.
Strong Wage Growth Was Seen in October
As of October 2015, wages have now grown by 2.5% on a year-to-date basis, which is the highest growth since 2010.
A Look at Ross Stores’ Superior Inventory Management Skills
Ross Stores’ inventory management system is supported by its strong supplier relationships and the strategic location of its buying offices.
The TJX Companies Enters Australia with Trade Secret Acquisition
On October 25, The TJX Companies announced the completion of its acquisition of Trade Secret, an off-price retailer based in Australia.
Ross Stores’ Same-Store Sales Growth: A Consistent Track Record
2Q15 marked the 26th consecutive quarter of positive same-store sales growth for Ross Stores. Its last fall in same-store sales growth was in the 4Q08.
Key Components of Ross Stores’ Sales Mix
In fiscal 2014, women’s apparel accounted for 29% of Ross Stores’ sales of $11 billion. Home accents is also a key category at 24% of total sales.
Understanding Ross Stores’ Business Model
Ross Stores operates under two trademarks: Ross Dress for Less and dd’s DISCOUNTS. There are 1,259 Dress for Less and 165 dd’s DISCOUNTS stores in the US.
Why Nike’s Sales Boost the Net Income in 1Q16
Nike has a market cap of $98.19 billion. Its YTD price movement is rising day by day. After the earnings report in 1Q16, it fell by 0.55% to close at $114.79 per share.
Why TJX Companies’ Margins Could Be under Pressure in 2Q16
TJX Companies (TJX) expects its gross margin for the second quarter of fiscal 2016 to come in the range 28.5% to 28.6% range.
How a Drop in the Consumer Comfort Index Affects Department Stores
The Bloomberg Consumer Comfort Index declined to 40.3 in the week ended August 2 on a week-over-week basis. The index stood at 40.5 in the previous week.
Bloomberg Consumer Comfort Index Drops for Fourth Straight Week
The Bloomberg Consumer Comfort Index fell to 40.5 in the week ended July 26, from 42.4 in the week before. This is the fourth week of decline and the second lowest level since November 2014.
TJX Companies’ Store Growth Plans for the US and Abroad
In 4Q15, TJX reported a 4.0% growth in same-store sales, compared with 4Q14. This growth was driven by an increase in store traffic across all divisions.
Will Nordstrom’s Rack Stores Rake in Higher Sales in 1Q15?
Sales of Nordstrom’s full-line stores declined by 0.3% in contrast to sales of off-price Rack stores that increased by 17.4% to $3.2 billion.
What’s Attracting Major Department Stores to the Off-Price Space?
Off-price retailers like TJX Companies sell merchandise at a discount of roughly 20.0%–60.0% compared to department stores.
TJX Companies: A Growth Story Investors Should Know About
With its off-price business model and operational efficiency, TJX Companies has consistently performed well, even in difficult economic conditions.
TJX Companies – A Profitable Business Structure
Among TJX Companies’ business segments, Marmaxx is the largest with 2,094 stores under the T.J. Maxx and Marshalls brands, and 64.3% of net sales.
Gauging TJX Companies’ Same-Store Sales Growth
The growth in TJX Companies’ same-store sales slowed down in fiscal 2015, growing by 2.0% compared to 3.0% in fiscal 2014.
TJX Companies’ Best-in-Class Inventory Management
TJX Companies (TJX) has a very efficient internally developed inventory management system that helps the company ensure the proper flow of merchandise.
Nordstrom’s fiscal 2014: Multichannel strategy fuels growth
Nordstrom is in expansion mode. Yet, about 59% of Nordstrom’s fiscal 2014 net sales were derived from its full-line stores, down from 63% in fiscal 2013.
Nordstrom’s target customers
Nordstrom is an upscale department store that competes with other high-end stores. However, not all of Nordstrom’s target customers are high-end shoppers.