Monday, November 21, 2016

Another off-pricer soars in Q3

The U.S. shopper’s love affair with the off-price channel shows no signs of winding down any time soon.
Ross Stores easily beat analysts’ expectations as its earnings increased 13% in the quarter ended Oct. 29, amid better-than-expected revenue growth and stronger margins. 
It was the second strong showing by an off-price retailer in less than a week. On Tuesday, TJX Companies also reported better-than- expected third quarter results.. . . more

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