- Ross Dress for Less
-
Ross Stores, Inc. 
Type Public (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$6.49 Billion (FY 2009)[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 January 2011, the company operated 988 Ross stores in 27 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 a large area of the Midwest.[5]
Contents
History
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
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. http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/1997/12/05/MN52549.DTL. Retrieved 10 October 2011.
- ^ Ross Stores Company History
External links
Categories:- Companies listed on NASDAQ
- Companies in the NASDAQ-100 Index
- Clothing retailers of the United States
- Companies established in 1950
- Companies based in Alameda County, California
- Off-price department stores of the United States
Wikimedia Foundation. 2010.
