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Off-Price Roundup Up – 2024 Ended On A High Note, 2025’s Volatility Creates More Opportunity For The Sector

Off-Price Roundup Up – 2024 Ended On A High Note, 2025’s Volatility Creates More Opportunity For The Sector

By Thomas Paulson, Head of Market Insights Ross Stores Inc. reported Q4 underlying sales up +3.5% and gross profits and operating income growth less. Sales growth was driven by Ross Dress for Less comp-traffic (+2.8% per Advan), comp-sales growth (+3%), and the new locations added earlier in the fiscal year. Looking at comps on a multi-year basis, all improved, including the comp to 2019 increasing from 17% to 21%. DD’s Discount’s comp outpaced the overall +3% comp and DD’s comp-traffic per Advan increased +6.
6 minutes