by Mike Duff | May 19, 2023 | Retail Articles
Ross had a solid quarter, with sales and earnings gaining enough to beat Wall Street estimates. The company posted net earnings of $371.2 million, or $1.09 per diluted share, versus $338.4 million, or 97 cents per diluted share, in the year-prior quarter. Comparable...
by Mike Duff | Mar 9, 2023 | Retail Articles
In February and March, Ross Stores opened 11 namesake and eight dd’s Discounts stores in 13 of the United States. Both banners expanded in existing markets including those in California, Texas, and Florida, the company noted. For dd’s, growth also included...
by Mike Duff | Mar 8, 2023 | Retail Articles
Ross Stores beat Wall Street fourth-quarter estimates as consumers responded to the off-price retailer’s updated assortments and values, the company reported. Ross Stores posted a net income of $447 million, or $1.31, per diluted share for the quarter versus...
by Mike Duff | Feb 15, 2023 | Retail Articles
The Neiman Marcus Group has announced strategic changes to its operating model, including executive moves and as much as a 5% workforce reduction, designed to accelerate the company’s pursuit of its strategic goal to “Revolutionize Luxury...
by Mike Duff | Jan 17, 2023 | Retail Articles
Luxury department stores Neiman Marcus and Nordstrom have changes underway in their executive suites. Nordstrom has announced that chief merchandising officer Teri Bariquit is retiring. She will remain in her role until the company identifies her successor to ensure a...
