Promotional pressure seen clipping margins at Ross Stores

• Ross Stores (NASDAQ:ROST) is down 8.4% on volume 4X normal activity after its 2H guidance drop caught investors off-guard.
• The company is at risk of a heightened promotional atmosphere due to the extra inventory sitting around at department store chains, notes Citi.
• Previously: Ross down 9.5% due to soft second-half guidance (Aug. 20 2015)