Ross market share gains continue, demonstrating that its narrow moat is intact.
Ross’s narrow moat appears to be firmly intact with 4% fourth-quarter comparable sales growth leading us to believe that the retailer is gaining some of the market share lost by mall-based companies. In our opinion, Ross is well-positioned heading into 2017 with inventory up only 7% (versus 8% fourth-quarter sales growth) and no signs of difficulty in inventory availability. The company also plans to continue to return excess cash to shareholders with a 19% increase in the quarterly dividend to ...Ross Stores and its subsidiaries operate two brands of off-price retail apparel and home fashion stores, which are Ross Dress for Less? (Ross) and dd's DISCOUNTS?. Ross provides name brand and designer apparel, accessories, footwear, and home fashions for the entire family at savings of 20% to 60% off department and specialty store regular prices every day. dd's DISCOUNTS provides name brand apparel, accessories, footwear, and home fashions for the entire family at savings of 20% to 70% off moderate department and discount store regular prices every day. Both of the company's Ross and dd's DISCOUNTS brands target women and men between the ages of 18 and 54.
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