Ross Stores Reports August Sales
NEWARK, Calif., Sept. 2 /PRNewswire/ -- Ross Stores, Inc. (Nasdaq: ROST) today reported sales of $198 million for the four week period ended August 28, 1999, a 14% increase above the $173 million in sales for the four weeks ended August 29, 1998. Comparable store sales for the same period increased 7% over the prior year.
For the seven months through August 28, 1999, sales were $1.363 billion, a 14% increase above the $1.195 billion in sales for the prior year's comparable period ended August 29, 1998. Comparable store sales for the seven months increased 7% over the prior year.
Ross Stores, Inc. operates a national chain of off-price retail stores offering first quality, in-season, branded apparel and apparel-related merchandise for the entire family at prices that average 20% to 60% less than department and specialty stores, as well as merchandise for the home at similar savings. The company had 363 stores at August 28, 1999, compared to 339 stores at the end of the same period last year.
SOURCE Ross Stores, Inc.