About the Company
Ross Stores, Inc. works with offline retail apparel and home accessories stores. It engages in off-price trading, including branded and designer apparel, home décor, footwear, etc. The company began its operations in 1982 and is headquartered in Dublin, California. Ross Stores shares have been available in NASDAQ since August 1985 and go under the ticker ROST. ROST shares are also a component of the S&P 500 Index since 2019.
Ross Stores operates through its two brands – Ross Dress for Less and dd’s DISCOUNTS. The former offers designer apparel, other accessories, and light home furniture marked 20%-60% lower than departmental prices. dd’s DISCOUNTS, on the other hand, mark prices of products with discounts ranging between 20% and 70%.
Apart from apparel and home décor, Ross Stores Inc. also deals with jewellery, beauty products, and toys at discounted prices. The company has its largest market in California, followed by Texas and Florida with more than 350 outlets in these 3 states alone. Ross Stores Inc. prioritises expanding operations by acquiring existing strip mall stores since it opened its first outlet outside California in Reno, Nevada. The company operated with 156 stores in 15 states in 1989. In July 2019, Ross inaugurated 28 new store locations across North America. The company further opened a total of 39 stores of Dress for Less and dd’s DISCOUNTS in 39 new locations.
As of 2021, Ross Stores, Inc. has over 1500 stores in 39 states, including Columbia and Guam districts, and dd’s DISCOUNTS has over 250 stores in 19 states, making it the largest off-price retail store in the United States. Ross Dress For Less operates in Colorado, Florida, Georgia, New Mexico, Illinois, Kentucky, Missouri, among others. dd’s DISCOUNTS stores are located in California, Pennsylvania, Illinois, Colorado, and Maryland, among others. Ross Stores Inc. appeared in Forbes Fortune 500 Company in 2020. It also ranks 628 in Global 2000 2020, while also making it into America’s Best Employers By State 2020. Ross Stores have over 92,000 employees, ranking 243rd in America’s Largest Public Companies 2018 list by Forbes.;
Organisation | Ross Stores Inc |
Industry | Apparel Retail |
HeadQuarters | Dublin, CA |