# Ross Stores

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{{short description|American discount department store chain}}
{{Use mdy dates|date=October 2022}}
{{Distinguish|Roses (store)}}
{{Infobox company
| name = Ross Stores, Inc.
| logo = Ross Stores logo.svg
| image = Ross Store 01.jpg
| trade_name = Ross Dress for Less
| type = [Public](/source/Public_company)
| traded_as = {{ubl|{{NASDAQ|ROST}}|[Nasdaq-100](/source/Nasdaq-100) component|[S&P 500](/source/S%26P_500) component}}
| founder = Morris Ross<br>Bill Isackson
| area_served = {{ubl|[United States](/source/United_States)|[Guam](/source/Guam) | [Puerto Rico](/source/Puerto_Rico)}}
| num_locations = {{plainlist|
* 1,795 (Ross Dress for Less)<ref>{{cite web|url=https://www.retaildive.com/news/ross-stores-adds-24-stores/721968/ |title=Ross Stores adds 24 new locations in 2 months }}</ref>
* 353 (DD's Discounts)<ref>{{cite web|url=https://www.scrapehero.com/location-reports/dd's%20DISCOUNTS-USA/|title=Number of dd's DISCOUNTS stores in the United States in 2023 -|website=scapehero.com}}</ref>
}}
| key_people = {{plainlist|
* James Conroy ([CEO](/source/Chief_Executive_Officer))
* K. Gunnar Bjorklund ([Executive Chairman](/source/Executive_Chairman))
* Michael J. Hartshorn ([COO](/source/Chief_Operating_Officer))
* Karen Fleming ([CMO](/source/President_(corporate_title)))
}}
| industry = [Retail](/source/Retail)
| products = Clothing, footwear, bedding, bath, furniture, home decor, jewelry, beauty products, toys, appliances, housewares, and giftware.
| revenue = {{increase}} {{US$|14.89 billion|link=yes}} (2018)<ref>{{cite web |last1=Jain |first1=Chelsi |title=Revenue Updated |website=Ross Stores|url=https://investors.rossstores.com/static-files/74cb025f-757a-4118-8dd4-51d0ca6c4d58}}</ref>
| operating_income = {{profit}} US$1.61 billion (2015)
| net_income = {{profit}} US$1.02 billion (2015)
| assets = {{profit}} US$4.87 billion (2015)
| equity = {{increase}} US$2.47 billion (2015)
| num_employees = 88,100 (2019)
| subsid = dd's Discounts|
| foundation = {{sda|1950}}, in [Pacifica, California](/source/Pacifica%2C_California), U.S.<ref>{{cite web | url=https://www.sfgate.com/news/article/OBITUARY-Morris-Ross-2819641.php | title=OBITUARY -- Morris Ross | date=December 5, 1997 }}</ref>
| location_city = [Dublin, California](/source/Dublin%2C_California)
| location_country = U.S.
| homepage = {{Unbulleted list|{{URL|rossstores.com}}|{{URL|ddsdiscounts.com}}}}
| footnotes = <ref>{{cite web |url=https://fortune.com/fortune500/ross-stores/ |title=Fortune 500 - 209 Ross Stores |work=[Fortune](/source/Fortune_(magazine)) |access-date=August 26, 2019}}</ref>
}}
'''Ross Stores, Inc.''', operating under the brand name '''Ross Dress for Less''', is an American chain of [discount department store](/source/discount_department_store)s headquartered in [Dublin, California](/source/Dublin%2C_California).<ref>{{cite web |url=https://www.truework.com/verifications/ross-stores-employment-verification/ |title=Ross Stores |work=True Work |access-date=August 26, 2019}}</ref> It is the largest [off-price](/source/off-price) retailer in the U.S.; as of July 2024, Ross operates 1,795 stores in 43 [U.S. state](/source/U.S._state)s, [Washington, D.C.](/source/Washington%2C_D.C.) [Puerto Rico](/source/Puerto_Rico) and [Guam](/source/Guam),<ref>{{Cite web |title=Ross Stores adds 24 new locations in 2 months |url=https://www.retaildive.com/news/ross-stores-adds-24-stores/721968/ |access-date=2024-07-25 |website=Retail Dive |language=en-US}}</ref> covering much of the country, but with no presence in [Alaska](/source/Alaska).<ref>{{cite web |url=http://www.storesinfo.com/ross|title=Ross locations & hours|last=rvl|publisher=storesinfo.com}}</ref> The company also operates '''DD's Discounts''', a discount department store chain with over 353 locations across the United States, most of which are located in [Sun Belt](/source/Sun_Belt) states.<ref>{{cite web|url=https://www.scrapehero.com/location-reports/dd's%20DISCOUNTS-USA/|title=Number of dd's DISCOUNTS stores in the United States in 2023 -|website=scapehero.com}}</ref>{{why|date=September 2025}}

==History==
[[File:Ross Dress For Less in Pittsburgh (former Phar-Mor) (9326027750).jpg|left|thumb|A Ross Store in [Pittsburgh, Pennsylvania](/source/Pittsburgh%2C_Pennsylvania)]]
[[File:DD's_Discounts_San_Antonio.jpg|left|thumb|A DD's Discounts Store in [San Antonio, Texas](/source/San_Antonio%2C_Texas)]]
Ross Department Store was first opened in [San Bruno, California](/source/San_Bruno%2C_California), in 1950 by Morris "Morrie" Ross. Morris would work 85 hours a week doing all of the buying and bookkeeping for his department store. In 1958 Ross sold his store to William Isackson to become a residential and commercial real estate developer.<ref name="Morrie">{{cite news|last=Pimsleur|first=J.L.|title=Obituary -- Morris Ross|url=https://www.sfgate.com/news/article/OBITUARY-Morris-Ross-2819641.php|access-date=October 10, 2011|newspaper=[San Francisco Chronicle](/source/San_Francisco_Chronicle)|date=December 5, 1997}}</ref> Isackson built the company to six stores in the [San Francisco Bay Area](/source/San_Francisco_Bay_Area), located in San Bruno, [Pacifica](/source/Pacifica%2C_California), [Novato](/source/Novato), [Vacaville](/source/Vacaville), [Redwood City](/source/Redwood_City), and [Castro Valley](/source/Castro_Valley). In 1982 a group of investors, including Mervin Morris, founder of the [Mervyn's](/source/Mervyn's) chain of department stores, purchased the six Ross Department Stores, changed the format to [off-price](/source/off-price) retail units, and within three years rapidly expanded the chain to 107 stores under Stuart Moldaw and Don Rowlett.<ref name="ross">{{cite web|url=http://www.fundinguniverse.com/company-histories/Ross-Stores-Inc-Company-History.html|title=History of Ross Stores, Inc. – FundingUniverse|website=fundinguniverse.com}}</ref><ref>{{cite web|title=Ross Stores, Inc. – Company Profile, Information, Business Description, History, Background Information on Ross Stores, Inc.|url=http://www.referenceforbusiness.com/history2/12/Ross-Stores-Inc.html|website=referenceforbusiness.com|publisher=referenceforbusiness|access-date=June 21, 2014}}</ref> 

On August 8, 1985, Ross Stores, Inc. became a public company via an [initial public offering](/source/initial_public_offering), at an initial price of $17.00 per share. Ross Stores trades on Nasdaq's large-cap Global Select Market under the symbol "ROST", and is a component of the [Nasdaq-100](/source/Nasdaq-100) and [S&P 500](/source/S%26P_500) indices.<ref>{{Cite web | title=overview {{!}} Ross Stores, Inc. | url=https://investors.rossstores.com/historical-highlights-0 | access-date=2025-11-15 | website=investors.rossstores.com}}</ref>

By the end of 1995, the chain reached an annual sales of $1.4 billion with 292 stores in 18 states. By 2012, Ross reached $9.7 billion for the fiscal year with 1,091 stores in 33 states with an additional 108 for DD's Discounts in 8 states.<ref>{{cite web|title=Overview: Historical Highlights|url=https://investors.rossstores.com/historical-highlights-0|access-date=June 21, 2014|publisher=Ross Dress for Less}}</ref> Ross moved its headquarters from [Newark, California](/source/Newark%2C_California), to [Pleasanton, California](/source/Pleasanton%2C_California), in the [Tri-Valley](/source/Tri-Valley) area, in 2003.

[Barbara Rentler](/source/Barbara_Rentler) took the place of CEO Michael Balmuth on June 1, 2014; she was the 25th female CEO of a [''Fortune'' 500](/source/Fortune_500) company.<ref>{{cite web|last1=Rupp|first1=Lindsey|title=Ross Stores' Rentler to Be 25th Female CEO in Fortune 500|url=https://www.bloomberg.com/news/articles/2014-05-07/ross-says-merchandising-chief-rentler-to-become-ceo|publisher=Bloomberg Business|access-date=February 26, 2015|date=May 8, 2014}}</ref> Ross moved its headquarters from Pleasanton to neighboring [Dublin, California](/source/Dublin%2C_California), in 2014.<ref>{{cite web|url=https://www.pleasantonweekly.com/print/story/2012/01/27/ross-moving-corporate-headquarters-to-dublin-in-2014|title=Ross moving corporate headquarters to Dublin in 2014 - January 27, 2012 - Pleasanton Weekly - PleasantonWeekly.com -|website=pleasantonweekly.com|date=January 27, 2012 }}</ref>

On October 28, 2024, the company's board of directors appointed James Conroy as the new CEO, succeeding Barbara Rentler effective February 2, 2025.<ref>{{Cite web |title=Ross Stores Names James G. Conroy as Next Chief Executive Officer |url=https://investors.rossstores.com/news-releases/news-release-details/ross-stores-names-james-g-conroy-next-chief-executive-officer}}</ref> Conroy previously was CEO of [Boot Barn](/source/Boot_Barn).

In 2025, Ross Dress for Less expanded into [Puerto Rico](/source/Puerto_Rico).

==See also==
{{Portal|San Francisco Bay Area|Companies}}
*[Burlington](/source/Burlington_(department_store))
*[Marshalls](/source/Marshalls)
*[Target](/source/Target_Corporation)
*[TJ Maxx](/source/TJ_Maxx)
*[Walmart](/source/Walmart)

==References==
{{Reflist}}

==External links==
{{Commons category}}

*[https://www.rossstores.com/ Official website]
{{Finance links
| name = Ross
| symbol = ROST
| sec_cik = ROST
| yahoo = ROST
| google = ROST
}}

{{NASDAQ-100}}
{{S&P 500 companies}}
{{authority control|state=expanded}}

Category:Clothing retailers of the United States
Category:American companies established in 1950
Category:Retail companies established in 1950
Category:Department stores of the United States
Category:Discount stores of the United States
Category:Companies based in Alameda County, California
Category:Dublin, California
Category:Companies listed on the Nasdaq
Category:1950 establishments in California

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Adapted from the Wikipedia article [Ross Stores](https://en.wikipedia.org/wiki/Ross_Stores) by Wikipedia contributors ([contributor history](https://en.wikipedia.org/wiki/Ross_Stores?action=history)). Available under [Creative Commons Attribution-ShareAlike 4.0 International](https://creativecommons.org/licenses/by-sa/4.0/). Changes may have been made.