Most U.S. retailers produced better results last quarter than they did in the first few months of 2017. Nevertheless, the vast majority of them posted second-quarter adjusted earnings that were flattish or down on a year-over-year basis.
Ross Stores was the biggest exception. The off-price giant reported strong sales growth and a 15% jump in earnings per share, outpacing its larger off-price rival TJX. With American consumers still laser-focused on getting the most bang for their buck, Ross Stores' success is likely to continue for the foreseeable future.. . . more