The following sentence might cause anxiety. As Thanksgiving looms near, it’s time to begin holiday shopping.
The current level of inflation makes that even more stressful. How can you show your love without breaking the bank?
It turns out, shoppers are turning to off-price retailers such as Ross, T.J. Maxx, and HomeGoods, according to recent earnings reports and data from location analytics company Placer.ai.
Let’s break down the numbers.
Ross Stores posts rosy earnings
It’s fair to say that Jim Conroy, CEO of Ross Stores, is very pleased with the third-quarter earnings report released on Thursday, November 20.
The company earned $1.58 per share, resulting in a $512 million profit. This is an increase from last year’s figures of $1.48 per share and $489 million in profit.
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