Ross Stores, Inc. is an American off-price retail chain that specializes in selling brand-name clothing, footwear, accessories, home goods, and other merchandise at significantly discounted prices. The company was founded by Morris "Morrie" Ross in 1950 in Pacifica, California, and is currently headquartered in Dublin, California, United States.
Ross Stores operates two main retail brands:
Ross Dress for Less: This is the primary retail brand of the company, offering a wide variety of apparel, accessories, footwear, and home goods at prices that are typically 20-60% lower than those of department and specialty stores. The store's merchandise includes items for men, women, and children, as well as a range of home goods, such as bedding, kitchenware, and decorative items.
dd's DISCOUNTS: Launched in 2004, dd's DISCOUNTS is a more value-oriented retail brand, targeting customers who are looking for even lower prices on merchandise. The store offers a similar product assortment as Ross Dress for Less but with a focus on everyday value.
Ross Stores follows an off-price retail model, which means that it purchases its merchandise from manufacturers and other suppliers at a discount, often as a result of overproduction, canceled orders, or store returns. This allows the company to offer high-quality, brand-name products at significantly lower prices than traditional retailers.
Ross Stores operates over 1,600 locations across the United States and its territories, including Guam and Puerto Rico. The company has experienced significant growth over the years, making it one of the largest off-price retailers in the country.
Ross Stores faces various challenges and risks associated with the retail industry, such as changing consumer preferences, economic conditions, competition from other retailers, and the increasing popularity of e-commerce. The company also faces challenges related to inventory management, merchandising, and store operations, as well as risks associated with cybersecurity and data privacy.
Ross Stores, Inc. is publicly traded on the Nasdaq Stock Market under the ticker symbol "ROST."
In addition to its core business, Ross Stores is committed to corporate responsibility, focusing on areas such as environmental sustainability, community engagement, diversity and inclusion, and ethical governance. The company supports various initiatives and partnerships aimed at promoting education, workforce development, and community development, particularly in the areas where it operates. Ross Stores also actively engages in efforts to reduce its environmental footprint, promote diversity and inclusion within its workforce, and adhere to the highest standards of ethical conduct and corporate governance.
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