For the second quarter ended Aug. 4 same-store sales were up 2%,while total sales rose 10%, to just over $1.4 billion. Net earningscame in at $50.9 million, up from $45.4 million during the sameperiod a year ago.
Same-store sales were the strongest in California, rising 2%,and were worst in Florida, where they fell in the low-singledigits. Women's dresses were the best-performing product category,with comps exceeding 20%.
Ross opened 21 new Ross Dress For Less stores during the quarterand 46 year to date, brining its total to 817. Management isplanning 24 new units for the current quarter. The retailer opened11 of its lower-priced Dd's Discounts stores in Q2, bringing itstotal to 45, and the chain is forecast to have 52 of those units bythe end of the year.
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