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Ross Stores, Inc.

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Type	Public (NASDAQ: ROST) S&P 500 Component
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]
Website	http://www.rossstores.com/

Ross Stores, Inc. (NASDAQ: ROST), 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[link]

A Ross store in Oregon

Ross Department Store was first opened in San Bruno, California, in 1950 by Morris "Morrie" Ross.^[6] The next store was established in Pacifica, California, in the late 1950s.^{[citation needed]} 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[link]

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[link]

External links[link]

	San Francisco Bay Area portal
	Companies portal

• Official website

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