Ross Stores (ROST)

Add a New Bulls Reason Company: Ross Stores (ROST) Current price: Headline: (100 character max) Analysis: Cancel 100% agree 2 votes edit Economic downturn prompts consumers to favor budget stores Top Contributor: Helen Han | Created when NASDAQ:ROST was $25.70 | Edit | History During the current recession, consumers are turning to budget and discount retailers for everyday household necessities. As a discount retailer of apparel, ROST benefits from the consumer trade down effect during this economic downturn. In Q3 2008 (ended Nov. 3, 2008), ROST saw net earnings rise 17.7% to $57.3 million when compared to the prior-year quarter. Sales rose by 6%, and same-store sales were up 3%, same as that of the prior-year quarter. (100 character max) Cancel

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