From Yahoo Finance: 2025-05-26 13:17:00

Ross Dress for Less reported flat sales in Q1 2025, with a net income decrease of almost 2%. The number of customers visiting stores also dropped by 2.7% year-over-year. CEO Jim Conroy cited “prolonged inflation” impacting consumer behavior, hinting at price adjustments due to tariffs, particularly on goods sourced from China.

The company is cautious about raising prices but may resort to it to offset tariff impacts. Negotiations with suppliers and sourcing from other countries are also being explored. Consumers anticipate paying higher prices for goods due to tariffs, with 83% adjusting their shopping habits. Ross expects the impact of tariffs to be felt by customers in June and July, with changes to sourcing to be implemented in 2026.



Read more at Yahoo Finance: Ross Stores makes drastic decision customers will see in stores