Dublin, Calif. – Ross Stores Inc. reported a healthy increase in home sales during the first six months of the current fiscal year. Sales in the retailer’s “Home Accents and Bed & Bath” segment climbed 7.6% to more than $2.5 billion for the period ended Aug. 3. That growth came on top of a nearly 6% increase during the first half of 2023. The segment accounted for 25% of total sales, on par with the year-ago period. It includes home sales from both the Ross Dress for Less & dd’s Discounts chains. During the 2nd quarter, Home Accents/Bed & Bath sales rose 7.1% to more than $1.2 billion. That marked the fourth year in a row that the company generated more than $1 billion in home sales during Q2.
Across all its lines of business, Ross Stores Inc. is looking for more brands to enhance its value positioning. The company is expanding its vendor pool and tweaking the brand balance, CEO Barbara Rentler told investors during last month’s quarterly review call “I think we’re still learning on the brand strategy – what the right mix and the right brands are by [category of] business,” she added. “We’re going to build on those learnings based on the customer.”
