Why Ross Stores Stock Climbed Today
Shares of Ross Stores (NASDAQ: ROST) rose on Friday after the off-price retailer delivered surprisingly strong sales and profit growth.
Image source: Getty Images.
By purchasing surplus merchandise from manufacturers and other retailers at heavily discounted prices, Ross can provider significant cost savings to its customers. This off-price strategy is resonating with cash-strapped consumers battling soaring energy and other costs.
Source Fool.com
