Ross Stores flags a troubling consumer trend that's hurting sales
The discount store company is raising red flags around a growing problem.
Ross Stores (ROST) , which operates Ross Dress for Less and DD’s Discounts, is remaining cautious amid a startling shift in consumer behavior.
In the company’s fourth-quarter earnings report for 2024, it revealed that its comparable store sales increased by 3% year-over-year during the holiday season. However, its operating income, a company’s profit after expenses, decreased by 1.7%.
