7 Followers USX:ROST - Ross Stores Inc Ross Stores Inc
Sector: Consumer Discretionary, Industry: Apparel Retail
Next Earnings: 16 May 2024
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USD 147.19    +2.62 (+1.81%)

27 Mar 2024


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General

CEO: Ms. Barbara Rentler

IPO: 1986-07-09

Headquarters: US

Employees: 101,000

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Description

Ross Stores operates as an off-price apparel and accessories retailer with the majority of its sales derived from its Ross Dress for Less banner. The firm opportunistically procures excess brand-name merchandise made available via manufacturing overruns and retail liquidation sales at a 20%-60% discount to full prices. As such, its stores are often filled with a vast array of stock-keeping units, each with minimal product depth that creates a treasure hunt shopping experience. The firm’s more than 1,750 Ross Dress for Less stores are primarily located in densely populated suburban communities and typically serve middle-income consumers. Ross also operates nearly 350 DD's Discounts chains that target lower-income shoppers.

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