Fashion
Ross Stores lifts annual profit forecast on strong demand for discount goods
By
Reuters
Published
November 21, 2025
Ross Stores raised its annual profit forecast on Thursday, betting on resilient demand for its discounted apparel and accessories ahead of the holiday season amid looming macroeconomic uncertainties.
Shares of the company, which also beat estimates for third-quarter sales, were up about 3% in after-market trading.
Off-price retailers such as Ross Stores have been attracting budget-conscious customers as shoppers increasingly seek branded goods at lower prices due to persistent inflation and volatile trade policy.
“Core value shopper remained resilient despite lapsed SNAP benefits and broader tariff uncertainty weighing on household budgets,” said eMarketer analyst Suzy Davidkhanian.
Rival TJX also raised its annual profit target on Wednesday, helped by strong demand for discounted apparel and home furnishings.
Ross Stores expects annual earnings per share in the range of $6.38 to $6.46, compared to its previous expectations of between $6.08 and $6.21.
Its third-quarter sales of $5.6 billion beat estimates of $5.42 billion, according to data compiled by LSEG.
Comparable sales rose 7% in the quarter.
The company expects fourth-quarter profit of $1.77 to $1.85 per share, compared to its previous estimates of between $1.74 and $1.81. It also expects the holiday quarter same-store sales to rise 3% to 4%, up from its previous 2% to 3% growth forecast.
“Holiday gifting may still skew toward essentials for this shopper, but the quarter underscores that the lower-income consumer is holding up better than many feared,” Davidkhanian added.
© Thomson Reuters 2025 All rights reserved.
By
Reuters
Published
January 9, 2026
Luxury retailer Saks Global is planning to file for Chapter 11 bankruptcy as soon as Sunday, Bloomberg News reported on Friday, citing people familiar with the matter.
The owner of New York’s century-old Fifth Avenue flagship store is preparing to file for bankruptcy without a restructuring deal in place, though it aims to craft one in the coming weeks, according to the report.
The company is also in advanced discussions on about $1.25 billion debtor-in-possession financing package with creditors, which would allow it to keep its business running during bankruptcy and pay vendor dues, the report added.
Saks Global did not immediately respond to a Reuters request for comment.
© Thomson Reuters 2026 All rights reserved.
Published
January 9, 2026
Pandora expects to deliver 6% organic growth in 2025, the Danish jewellery brand announced on Friday in its preliminary and unaudited results for 2025, falling below previous guidance of 7% to 8%.
“We delivered 6% organic growth in 2025 despite softer than expected Q4 holiday trading, particularly in North America,” said Pandora’s CEO Berta de Pablos-Barbier, the brand announced on its website on January 9. “While the year was marked by macro headwinds, it has also highlighted opportunities to sharpen execution and strengthen brand desirability.”
Pandora is eyeing a full-year operating profit of approximately 7.8 billion Danish crowns ($1.2 billion) along with an EBIT margin of around 24%, in line with its previous guidance. The North American market reported 2% like for like growth in the fourth quarter of 2025 with trading in November and December below expectations due to weakened consumer sentiment causing muted in-store traffic. Although EMEA like for like growth came in at -1% and Italy lagged, Spain, Poland, and Portugal reported strong growth, according to the business.
“As new CEO, my focus will be to navigate the current market environment, reduce our commodity exposure and course-correct in select areas to accelerate profitable growth,” said de Pablos-Barbier. “Pandora continues to pursue significant untapped growth opportunities as a full jewellery brand. Our fundamentals are strong. We are building a bigger Pandora.”
The business will announce its audited full-year 2025 results on February 5. Pandora plans to launch designs in new materials this calendar year, aiming to use high silver prices as fuel for innovation, according to de Pablos-Barbier.
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Over the last five years Flying machine has re-established as a well-accepted brand on the digital channels. The partnership with the Flipkart group helped Flying Machine become one of the top casual wear brand on digital platforms, catering to the fashion-conscious youth of India.
Arvind Fashions Limited will acquire Flipkart Group’s stake in Arvind Youth Brands for ₹135 crore (~$15.02 million), making it a wholly owned subsidiary.
The partnership helped Flying Machine rebuild and grow as a leading youth casualwear brand on digital platforms.
The brand will remain available on Flipkart while expanding its presence across other online channels in India.
Amisha Jain, Managing Director & Chief Executive Officer of Arvind Fashions, said, “We are thankful to the Flipkart Group for their support in building Flying Machine into a brand of choice on digital channels. Our relationship with the Flipkart group will continue ensuring consumers can still shop Flying Machine on its platforms. The brand will also be available to consumers on other digital channels and portals.”
Note: The headline, insights, and image of this press release may have been refined by the Fibre2Fashion staff; the rest of the content remains unchanged.
Fibre2Fashion News Desk (RM)
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