Ross Stores Reports May Sales
NEWARK, Calif., June 3 /PRNewswire/ -- Ross Stores, Inc. (Nasdaq: ROST) today reported sales of $191 million for the four week period ended May 29, 1999, a 15% increase above the $166 million in sales for the four weeks ended May 30, 1998. Comparable store sales for the same period rose 8% over the prior year.
For the four months through May 29, 1999, sales were $742 million, a 14% increase above the $651 million in sales for the prior year's comparable period ended May 30, 1998. Comparable store sales for the four month period 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 355 stores at May 29, 1999, compared to 331 stores at the end of the same period last year.
SOURCE Ross Stores, Inc.