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Company: Ross Stores (ROST)
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edit Economic downturn prompts consumers to favor budget stores

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.

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