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As Its Peers Struggle, This Traditional Retail Stock Is Thriving


The advent of Amazon was akin to an asteroid smashing into the retail landscape, triggering the process of extinction for once-dominant dinosaurs.

This Darwinian dynamic was on display again this week as weak operating results dragged down the biggest names in retailing and the broader indexes with them.

But one traditional retail stock has held up this year, and it is a solid growth play in a troubled sector: Ross Stores (ROST - Get Report) . Although its peers struggle with shabby outlooks, this clothing purveyor is dressed for success.

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Let's examine the recent carnage in retailing.

Macy's, the country's largest department store chain, reduced its earnings forecast for this year after it reported a sharp fall in earnings. Macy's shares on Wednesday suffered their worst one-day loss since the financial crisis in 2008, dropping 15.2% and pulling down department store, clothing, jewelry and accessories companies in the process.

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Most major retailers got clobbered on Wednesday. Among the biggest losers was watch and accessories maker Fossil, which lost a whopping 29.1% after the company reported a first-quarter earnings decline of 84.8%.

Meanwhile, on Wednesday as if to taunt its brick-and-mortar rivals, e-commerce giant Amazon rose 1.5%.

For the year to date, retail...