Ross Stores lifts annual profit forecast on strong demand for discount goods

Core Viewpoint - Ross Stores has raised its annual profit forecast, indicating confidence in strong demand for discounted apparel and accessories ahead of the holiday season despite macroeconomic uncertainties [1] Company Summary - The company is betting on resilient consumer demand for its products, which include discounted apparel and accessories [1] Industry Summary - The announcement comes in the context of looming macroeconomic uncertainties, suggesting that the retail sector may be experiencing shifts in consumer behavior as the holiday season approaches [1]