Ross Stores (ROST) August Same Store Sales Up 6%
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Ross Stores, Inc. (Nasdaq: ROST) said August same store sales rose 6%. Sales for the four weeks ended August 29, 2009 increased 11% to $557 million.
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."
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."
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