Strong demand for affordable clothing, Ross Stores (ROST.US) exceeded expectations in Q1 performance and raised full-year guidance.

According to the Wisdom Financial APP, on Friday morning Beijing time, the American discount retail giant Ross Stores (ROST.US) announced better-than-expected first quarter earnings and raised its annual comparable sales and profit guidance, indicating that amidst the uncertainty of the macroeconomic environment, consumer demand for its affordable clothing and accessories remains strong.