Pleasanton-based Ross Stores, Inc. has reported that sales for the four weeks ended Aug. 29 increased 11 percent to $557 million from $504 million for the four weeks ended Aug. 30, 2008. Same store sales for the month rose 6 percent on top of a 3 percent gain last year.
For the seven months ended Aug. 29, 2009 sales totaled $4.018 billion, up 9 percent over the $3.700 billion in sales for the seven months ended Aug. 30, 2008. Comparable store sales for the seven months ended Aug. 29, 2009 increased 3 percent on top of a 4 percent gain in the prior year period.
"We are very pleased with our better-than-expected sales gains in August, which benefited from healthy back-to-school traffic during the month," said Michael Balmuth, vice chairman, president and chief executive officer. "Dresses and shoes remained the strongest merchandise categories, while the Southeast was the best-performing market."
"Looking ahead, we continue to forecast same store sales gains of 6 percent to 7 percent for September and 5 percent to 6 percent for October," he added.
A transcript of Balmuth's comments is available in the Investors section of the company's website at www.rossstores.com.
The company expects to report September 2009 sales results on Thursday, Oct. 8.
Ross Stores is headquartered in the CarrAmerica complex in Hacienda Business Park.