Ross Stores flags a troubling consumer trend that's hurting sales
The discount store company is raising red flags around a growing problem.
Ross Stores (ROST) , which operates Ross Dress for Less and DD’s Discounts, is final cautious amid a startling shift in individual habits.
Within the firm’s fourth-quarter earnings describe for 2024, it printed that its comparable retailer gross sales increased by 3% 300 and sixty five days-over-300 and sixty five days sooner or later of the vacation season. However, its working earnings, a firm’s revenue after funds, diminished by 1.7%.
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