Ross Opens 29 Stores in 2 Months
Posted: July 21st, 2022, 9:23 pm
They opened 29 stores in June and July. There were 21 Ross Dress For Less and 8 DD's Discount stores. The expansion included 12 states. Ross is expected to open 100 stores in 2022.
Net earnings and sales dropped in the first quarter. Rival TJX did better with sales rising 13%. That company still missed expectations.
Ross sells cheap clothing, TJX sells "expensive" clothing cheap. Low income shoppers spending less these days affects Ross much more. TJX can count on richer customers who have money to spend.
Ross has many stores in low income high theft areas. They are being robbed like crazy. TJX tends to have stores in better middle class areas.
Net earnings and sales dropped in the first quarter. Rival TJX did better with sales rising 13%. That company still missed expectations.
Ross sells cheap clothing, TJX sells "expensive" clothing cheap. Low income shoppers spending less these days affects Ross much more. TJX can count on richer customers who have money to spend.
Ross has many stores in low income high theft areas. They are being robbed like crazy. TJX tends to have stores in better middle class areas.