not vested
THE 'DEATH OF RETAIL' IS OVERBLOWN
Today, we're looking at a company surviving the "retail apocalypse"...
Regular readers know e-commerce companies like Amazon (AMZN) are changing the way people buy goods. Traditional retailers have struggled to keep up – but some are bucking the trend. Today, we look at another company that's proving retail isn't dead...
Ross Stores (ROST) operates more than 1,400 department stores in the U.S. The company specializes in discount clothing and home décor.
As we recently showed with Dollar General (DG), discount stores are thriving lately... In the most recent quarter, Ross Stores reported net income of $389 million, up around 23% from the same period last year. The company also announced that it's raising its long-term store count goal from 2,500 to 3,000.
As you can see below, shares of ROST are trending higher. The stock has risen more than 50% over the past year alone, and it recently hit a fresh all-time high. This discount retailer is making it through the "apocalypse" just fine...
Source: Daily Wealth