Ross is betting on shoppers' love of discounts

Ross has been having a stellar start to the year. Its stock is up roughly 18% since January. It’s part of a larger trend of discount stores, which find themselves benefiting as Americans tighten their spending amid rising inflation and global conflict. “I think the share shift is more from mainstream retail, department stores and other places like that, to off-price in general, and we would just like to get our fair share or, of course, more than our fair share from that shift,” Ross CEO James Conroy tol ...