In off price, Ross is the new boss

Ross Stores reported a 10% increase in store comparable sales during the second quarter. The growth was attributed to both new and returning customers. This performance contrasts with the results of TJX Companies, whose comparable sales declined in the same period. Ross's earnings per share rose, reflecting the higher sales volume. The company maintained its off‑price retail model, offering discounted merchandise from major brands. Management highlighted the effectiveness of its marketing strategy and inventory management in driving sales. The company expects continued growth in the upcoming quarters. The company also plans to expand its online presence to capture market share.

Source: In off price, Ross is the new boss