Ross Stores Inc
ROST: XNAS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$429.00 | Pnqy | Tmpldtw |
Ross Set to Benefit as Consumers Seek Value Thanks to Solid Merchandising Philosophy
Business Strategy and Outlook
With a fast-turning inventory of high-value branded merchandise, Ross' store experience and value proposition should continue to resonate independent of economic conditions. Ross should benefit from a turbulent economic environment, as consumers refocus on value and as vendors grapple with oversupply amid fast-changing demand. Off-price retailers have not been derailed by past recessions; Ross’ comparable sales grew by 2% and 6% in fiscal 2008 and 2009, respectively.