ROST - Ross Stores, Inc.
Company Overview
Name
Ross Stores, Inc.
Tickers
ROST
Exchanges
Nasdaq
Employees
108000
Founded
1982
Sector Information
Other Information
CIK
745732
Category
Large accelerated filer
1-Line Summary
Ross Stores, Inc. is the largest off-price retail chain in the U.S. offering brand name apparel and home fashions at significant discounts.
Company summary
Ross Stores, Inc. is a leading off-price retail company operating two brands: Ross Dress for Less and dd’s DISCOUNTS. With 1,764 Ross locations and 345 dd’s DISCOUNTS stores across the U.S., the company specializes in offering brand name and designer apparel, accessories, and home fashions at significant discounts—20% to 60% off regular prices for Ross, and 20% to 70% off for dd’s DISCOUNTS. The company targets value-conscious shoppers, primarily from middle-income households, and emphasizes an organized shopping environment and a treasure-hunt experience for customers looking for substantial savings on quality merchandise.
The business model focuses on off-price retailing, leveraging strategic purchasing techniques to acquire excess and canceled merchandise from manufacturers, allowing them to provide customers with significant discounts. Both brands operate independently in terms of merchant and store operations but share certain corporate services. Ross Stores aims to maintain competitive advantages through extensive vendor relationships, regular inventory turnover, and a flexible distribution model, positioning itself strongly within the highly competitive off-price retail industry.
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