Ross Stores Withdraws Outlook Due to Tariffs, Posts Lower Profit
Wall Street JournalThursday, May 22, 2025 at 8:32:00 PM
Ross Stores, the popular discount retailer, had a rough first quarter with lower-than-expected profits. The company is also pulling back its full-year financial forecast, blaming tariffs for squeezing their earnings. Basically, they’re not sure how much the trade war will hurt them down the line, so they’re playing it safe by not making promises to investors.
Editor’s Note: Ross Stores is a bellwether for budget-conscious shoppers, so when they struggle, it’s a sign that even discount retailers aren’t immune to broader economic pressures—like tariffs. If tariffs keep biting into profits, shoppers might see fewer deals or higher prices, which could ripple across the retail sector. It’s a reminder that trade policies don’t just affect big manufacturers; they hit Main Street, too.
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