Ross stores was an up and comer in 1993. It had solid growth in sales and earnings while also being well managed with excellent cost control. Ferber and Balmuth put them on a solid growth trajectory. It also sold with a mid-teens P/E. Then, it split three times in the next ten years.
The cost of goods for all retailers is increasing. To keep their same profit margins, they have to increase their retail prices. Many retailers are looking to gain additional gross profit by raising their retail prices higher than the increase in their cost of goods. For example, if cost of go
