243
Fashion Jobs
L'OREAL GROUP
Head of Advocacy & Influence - l’Oréal Dermatological Beauty - Copenhagen
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ESTÉE LAUDER COMPANIES
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Handelselev Med Speciale i Digital Handel - E-Commerce
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ZIZZI
Online Buyer Til Fashion
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SAMSOE
Logistik Koordinator
Permanent · GLOSTRUP
ONLY
Business Controller
Permanent · BRANDE
ONLY
International Sales Manager
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JACK & JONES
Konstruktører, Jack & Jones og Jjxx
Permanent · BRANDE
BEST SELLER
Environmental Programme Coordinator
Permanent · KØBENHAVN K
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Product Owner - Data-Driven Solutions & ai
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SELECTED FEMME/HOMME
Sales Representative
Permanent · BRANDE
L'OREAL GROUP
Key Account Relationship Specialist
Permanent · COPENHAGEN
SAMSOE
Business Controller (Sql And Data Analytics Specialist)
Permanent · COPENHAGEN
ACE & TATE
Optometrist Copenhagen i NY Østergade
Permanent · COPENHAGEN
VERO MODA
Business Controller
Permanent · AARHUS
VERO MODA
Buyer | Curve
Permanent · AARHUS
ONLY
Demand Planner
Permanent · BRANDE
L'OREAL GROUP
Supply Chain Graduate - l’Oréal Luxe Product Division - Copenhagen
Permanent · COPENHAGEN
KERING EYEWEAR
Kering Eyewear - Lindberg Junior Trade Marketing Manager
Permanent · AARHUS
ESPRIT
Area Manager Multilabel Nordic Women
Permanent · COPENHAGEN
ZIZZI
IT Operations Manager
Permanent · BILLUND
TJX EUROPE
Buying Coordinator
Permanent · COPENHAGEN
By
Reuters
Published
May 21, 2009
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Ross Stores Q1 profit rises; Q2 view tops market

By
Reuters
Published
May 21, 2009

May 21 (Reuters) - Off-price retailer Ross Stores Inc (ROST.O) posted a 15 per cent rise in quarterly profit as strong sales and merchandise margins boosted business, and forecast second-quarter earnings above market view, sending its shares up 6 percent.


Ross Stores Spring 2009

"Our business benefited... as we continue to take advantage of the substantial amount of close-out opportunities in the marketplace," Chief Executive Michael Balmuth said in a statement.

The company's low prices for branded merchandise -- from clothes to home goods -- have attracted customers hunting for discounts as they fight the recession.

Net profit for the first quarter was $91.4 million, or 72 cents a share, compared with $79.5 million, or 60 cents a share in the previous year.

Revenue grew 9 percent to $1.69 billion, with comparable store sales rising 3 percent.

Balmuth also said operating margin for the quarter grew about 75 basis points to 8.9 percent, driven by a 90 basis point improvement in gross margins.

For the second quarter, the company expects to earn 60 cents to 63 cents a share. Analysts on average were expecting earnings of 53 cents, according to Reuters Estimates.

The company also said it remained on track to complete the remaining $223 million stock repurchase authorization by the end of fiscal 2009.

Shares of the company were up 6 percent at $38 in trading before the bell on Thursday 21 May. (Reporting by Nivedita Bhattacharjee in Bangalore; Editing by Gopakumar Warrier)

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