US: Ross Stores Q3 profit jumps 18%, cuts outlook
By just-style.com | 19 November 2008
Off-price retailer Ross Stores Inc has posted a 17.7% jump in third quarter profit, helped by higher margins, lower inventory and expenses, but cut its outlook for the fourth quarter in expectation of "a very promotional" holiday season.
Join now for increased access
If you're already a member, login here.
More articles related to this one
US: JC Penney raises guidance as Q1 profit drops 79%
Department store retailer JC Penney Company Inc on Friday (15 May) raised its full-year sales and earnings guidance despite posting a 79% slump in first quarter profit as shoppers spent less in its stores.
US: Strong dollar hits Wal-Mart Q1 earnings
The strength of the US dollar has weighed on quarterly earnings at Wal-Mart, the world's largest retailer, with first quarter profit flat compared to the same period last year.
US: Urban Outfitters posts 28% drop in Q1 profit
Lifestyle retailer Urban Outfitters Inc today (14 May) posted a 27.7% drop in first quarter profit as shoppers trimmed their spending at its Urban Outfitters, Anthropologie and Free People chains.