Ross Stores
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This article relies on references to primary sources. (August 2010) |
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| Type | Public S&P 500 Component |
|---|---|
| Traded as | NASDAQ: ROST |
| Industry | Retail |
| Founded | San Bruno, California (1950) |
| Headquarters | Pleasanton, California, U.S. |
| Key people | Michael Balmuth, CEO |
| Products | Clothing, footwear, bedding, furniture, jewelry, beauty products, and housewares. |
| Revenue |  US$8.6 Billion (FY 2011)[1] |
| Operating income | US$495 Million (FY 2009)[1] |
| Net income | US$305 Million (FY 2009)[1] |
| Total assets |  US$2.36 Billion (FY 2009)[2] |
| Total equity | US$996 Million (FY 2009)[2] |
| Employees | 53,900 (2011) |
| Website | http://www.rossstores.com/ |
Ross Stores, Inc. is a chain of American off-price department stores headquartered in Pleasanton, California,[3] operating under the name Ross Dress for Less. It is the third largest off-price retailer in the United States, behind T.J. Maxx and Marshalls, both of which are owned by TJX Companies.
As of February 2012, the company operated 1,037 Ross stores in 29 U.S. states and Guam,[4] covering much of the country, but with no presence in New England, New York, northern New Jersey, Alaska, and areas of the Midwest.[5]
History
[[File:Ross Dress for Less store - Hillsboro, Oregon.jpg|thumb|right|A Ross store in Hillsboro, Oregon Ross Department Store was first opened in San Bruno, California, in 1950 by Morris "Morrie" Ross.[6] In 1982 a group of investors, including Mervin Morris, founder of the Mervyns chain of department stores, purchased the six Ross Department Stores, changed the format to off-price retail units, and within three years rapidly expanded the chain to 107 stores.[7]
dd's Discounts
Ross also operates dd's Discounts, a chain of clothing and furniture stores, with prices below those of the main Ross stores. The "dd's" stands for "deep discounts". Ross and dd's Discounts stores often operate side by side in space formerly used by a large box store such as a grocery store and then subdivided.
References
- ^ a b c Ross Stores (ROST) annual SEC income statement filing via Wikinvest
- ^ a b Ross Stores (ROST) annual SEC balance sheet filing via Wikinvest
- ^ "Contact Us." Ross Stores. Retrieved on July 9, 2010.
- ^ Ross Overview Company Profile
- ^ Ross Store Locator
- ^ Pimsleur, J.L. (December 5, 1997, B8). "Obituary -- Morris Ross". San Francisco Chronicle. Retrieved 10 October 2011.
- ^ Ross Stores Company History
