Ross Stores, Inc., operating under the brand name Ross Dress for Less, is an American chain of discount department stores headquartered in Dublin, California.[6] It is the largest off-price retailer in the U.S.; as of 2018, Ross operates 1,483 stores in 37 U.S. states, the District of Columbia and Guam,[7] covering much of the country, but with no presence in New York, northern New Jersey, Alaska, Puerto Rico, and areas of the Midwest.[8] The company also operates DD's Discounts, a discount department store chain with over 300 locations across the United States, most of which are located in Sun Belt states.[9]
Ross store in Pittsburgh, Pennsylvania.DD's Discounts store in San Antonio, Texas.
Ross Department Store was first opened in San Bruno, 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.[10] Isackson built the company to six stores, located in San Bruno, Pacifica, Novato, Vacaville, Redwood City, and Castro Valley. In 1982 a group of investors, including Mervin Morris, founder of the Mervyn's chain of department stores, purchased the six Ross Department Stores in San Francisco, changed the format to off-price retail units, and within three years rapidly expanded the chain to 107 stores under Stuart Moldaw and Don Rowlett.[11][12] 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.[13] Ross moved its headquarters from Newark to Pleasanton, California, in the Tri-Valley area, in 2003.
Barbara Rentler took the place of CEO Michael Balmuth on June 1, 2014; she was the 25th female CEO of a Fortune 500 company.[14] Ross moved its headquarters from Pleasanton to neighboring Dublin, California, in 2014.[15]
^"Number of dd's DISCOUNTS stores in the United States in 2023 -". scapehero.com.
^Pimsleur, J.L. (December 5, 1997). "Obituary -- Morris Ross". San Francisco Chronicle. Retrieved October 10, 2011.
^"History of Ross Stores, Inc. – FundingUniverse". fundinguniverse.com.
^"Ross Stores, Inc. - Company Profile, Information, Business Description, History, Background Information on Ross Stores, Inc". referenceforbusiness.com. referenceforbusiness. Retrieved June 21, 2014.
^"Overview: Historical Highlights". Ross Dress for Less. Retrieved June 21, 2014.
^Rupp, Lindsey (May 8, 2014). "Ross Stores' Rentler to Be 25th Female CEO in Fortune 500". Bloomberg Business. Retrieved February 26, 2015.
^"Ross moving corporate headquarters to Dublin in 2014 - January 27, 2012 - Pleasanton Weekly - PleasantonWeekly.com -". pleasantonweekly.com.
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October 28, 2023
ross, stores, operating, under, brand, name, ross, dress, less, american, chain, discount, department, stores, headquartered, dublin, california, largest, price, retailer, 2018, ross, operates, stores, states, district, columbia, guam, covering, much, country,. Ross Stores Inc operating under the brand name Ross Dress for Less is an American chain of discount department stores headquartered in Dublin California 6 It is the largest off price retailer in the U S as of 2018 Ross operates 1 483 stores in 37 U S states the District of Columbia and Guam 7 covering much of the country but with no presence in New York northern New Jersey Alaska Puerto Rico and areas of the Midwest 8 The company also operates DD s Discounts a discount department store chain with over 300 locations across the United States most of which are located in Sun Belt states 9 Ross Stores Inc TypePublic companyTraded asNasdaq ROSTNASDAQ 100 componentS amp P 500 componentIndustryRetailFounded1950Pacifica California U S 1 FounderMorris RossBill IsacksonHeadquartersDublin California U S Number of locations1 722 Ross Dress for Less 2 339 DD s Discounts 3 Area servedUnited StatesDistrict of ColumbiaGuamKey peopleBarbara Rentler CEO K Gunnar Bjorklund Executive Chairman Michael Balmuth President Michael J Hartshorn COO ProductsClothing footwear bedding bath furniture home decor jewelry beauty products toys appliances housewares and giftware RevenueUS 14 89 billion 2018 4 Operating incomeUS 1 61 billion 2015 Net incomeUS 1 02 billion 2015 Total assetsUS 4 87 billion 2015 Total equityUS 2 47 billion 2015 Number of employees88 100 2019 Subsidiariesdd s DiscountsWebsiterossstores wbr comddsdiscounts wbr comFootnotes references 5 Contents 1 History 2 See also 3 References 4 External linksHistory edit nbsp Ross store in Pittsburgh Pennsylvania nbsp DD s Discounts store in San Antonio Texas Ross Department Store was first opened in San Bruno 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 10 Isackson built the company to six stores located in San Bruno Pacifica Novato Vacaville Redwood City and Castro Valley In 1982 a group of investors including Mervin Morris founder of the Mervyn s chain of department stores purchased the six Ross Department Stores in San Francisco changed the format to off price retail units and within three years rapidly expanded the chain to 107 stores under Stuart Moldaw and Don Rowlett 11 12 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 13 Ross moved its headquarters from Newark to Pleasanton California in the Tri Valley area in 2003 Barbara Rentler took the place of CEO Michael Balmuth on June 1 2014 she was the 25th female CEO of a Fortune 500 company 14 Ross moved its headquarters from Pleasanton to neighboring Dublin California in 2014 15 See also edit nbsp San Francisco Bay Area portal nbsp Companies portalBurlington Marshalls T J Maxx Walmart Target CorporationReferences edit OBITUARY Morris Ross December 5 1997 Number of Ross Stores locations in the United States in 2023 scapehero com Number of dd s DISCOUNTS stores in the United States in 2023 scapehero com Jain Chelsi Revenue Updated Ross Stores a href Template Cite web html title Template Cite web cite web a Missing or empty url help Fortune 500 209 Ross Stores Fortune Retrieved August 26 2019 Ross Stores True Work Retrieved August 26 2019 Ross investor presentation dated November 2014 Retrieved February 15 2015 rvl Ross locations amp hours storesinfo com Number of dd s DISCOUNTS stores in the United States in 2023 scapehero com Pimsleur J L December 5 1997 Obituary Morris Ross San Francisco Chronicle Retrieved October 10 2011 History of Ross Stores Inc FundingUniverse fundinguniverse com Ross Stores Inc Company Profile Information Business Description History Background Information on Ross Stores Inc referenceforbusiness com referenceforbusiness Retrieved June 21 2014 Overview Historical Highlights Ross Dress for Less Retrieved June 21 2014 Rupp Lindsey May 8 2014 Ross Stores Rentler to Be 25th Female CEO in Fortune 500 Bloomberg Business Retrieved February 26 2015 Ross moving corporate headquarters to Dublin in 2014 January 27 2012 Pleasanton Weekly PleasantonWeekly com pleasantonweekly com External links edit nbsp Wikimedia Commons has media related to Ross Stores Official website Business data for Ross GoogleSEC filingsYahoo Retrieved from https en wikipedia org w index php title Ross Stores amp oldid 1180428557, wikipedia, wiki, book, books, library,
