US EditionShop at Ross? Retailer Says Tariffs Could Increase Prices
- In the first quarter of 2025, Ross Stores experienced no growth in comparable sales and saw a slight decrease in net income, which fell by nearly 2% to $479 million.
- This performance reflects fewer customer visits, which declined 2.7% year-over-year, amid rising tariffs imposed by the Trump administration on imports from China.
- Ross, sourcing over half its goods from China, plans to adjust prices selectively starting June or July while negotiating with suppliers and seeking alternative sourcing, a process expected to take months.
- CEO Jim Conroy acknowledged "the volatility of trade policies" as highly unpredictable and said tariffs combined with inflation could pressure profitability and result in higher consumer prices.
- Ross aims to manage price increases carefully to maintain value against mainstream retailers while consumers are already shifting spending habits and preparing for higher costs due to tariffs.
12 Articles
12 Articles
Many retail chains that rely mostly on imports from China are increasing their prices
Ross Stores CEO makes bleak prediction amidst Trump China tariffs
Ross Dress for Less is grappling with a serious challenge as its first-quarter earnings for 2025 reveal stagnant sales and a decline in net income. The discount retailer, facing a shrinking customer base, is contemplating significant adjustments that could affect shoppers in the near future. For the first quarter, Ross Stores reported flat comparable sales compared to the same period last year, and net income of $479 million, which marked a near…
Ross Stores makes drastic decision customers will see in stores - Overpasses For America
(ROST) is facing a growing problem, which is forcing it to contemplate a significant change that customers may not like. Don’t miss the move: Subscribe to TheStreet’s free daily newsletter Related: Ross Stores flags a troubling consumer trend that’s hurting sales recent data from Placer.ai, Ross saw average customer visits per location drop by 2.7% year-over-year during the quarter. Related: Walmart CEO has a harsh warning for customers Story C…
Ross Dress for Less Faces Tariff Storm as Discount Retail Transforms
Discount Retail’s Recession-Proof Reputation Under ThreatThe off-price retail sector, long considered recession-proof, is experiencing unprecedented headwinds as discount giant Ross Dress for Less navigates a complex landscape of stagnant sales, inflationary pressures, and looming tariff threats that could fundamentally alter its business model.Flat Performance Signals Deeper ChallengesRoss Stores reported concerning first-quarter 2025 results t…
Coverage Details
Bias Distribution
- 67% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
