Ross Stores makes drastic decision customers will see in stores

Ross is less ((Rose)) He faces an increasing problem, forcing her to think about a major change that customers may not like.

In the Russian profit report in the first quarter of 2025, the discount store series revealed that its similar sales remained constant during the quarter, compared to the time period last year.

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He also achieved a net income of $ 479 million, which is approximately 2 % less than what he got during the same quarter in 2024.

Related: Ross stores the signs towards the disturbing consumer that harms sales

Stagnous sales and decrease in net income come as Ross sees fewer customers visiting his stores. According to the recent data from Placeer.ai, Ross saw the average customer visits per site by a 2.7 % decrease on an annual basis during this quarter.

During a profit call on May 22, the CEO of Ross Jim Conerry said that the company’s performance was “a slower start for the spring sale season in February.” I know that “prolonged inflation” has affected its basic customers and how to shop in stores.

Conrruy said during the call: “With regard to customer behavior, perhaps you can say that there is a little shift towards more job elements in exchange for estimated elements.”

He also warned that the customs tariff (companies that drive them to import goods from abroad) began to become a major threat.

Last month, president Donald Trump imposed a 10 % basic tariff (tax companies are pushing importing goods from abroad) on all countries and stopping the mutual tariff.

Related: Walmart CEO has a harsh warning to customers

The temporary suspension will end on the mutual definitions in July, and as a result, about 60 countries will witness higher tariff prices. This may lead to consumers higher prices for goods if companies choose to transfer the additional cost.

Conrruce said in the profit report: “The volatility of commercial policies and the opposite influence on the economy, the consumer, and our profitable unpredictable.” “During these unsure times, we will focus on what we can control and manage business conservatively.”

During the profit call, Conrroy said that Ross would fall into the fragile path to control its prices, especially since more than 50 % of the goods sold by sources from China, one of the countries on which Trump imposed high tariff rates.

“With the customs tariff remains at high levels, we will find the correct mixture of pricing against the pressure of the merchandise margins,” said Conrroy. “We believe that we have a number of cranes available to reduce the total effect, but we can see short -term pressure on our profit.”