Ross Stores Investor Relations Material

Ross Stores, Inc. is an American company operating a chain of discount retail department stores across the US. The company does business under the brand name “Ross Dress for Less”, and operates over 1,400 stores across the country. Ross Stores also operates a secondary chain of department stores called DD’s Discount. The company is headquartered in Dublin, California, and its shares are traded on the Nasdaq.

Ross Stores can trace its roots back to 1950 when Morris Ross opened the first Ross Department Store in San Bruno, California. Morris Ross sold his store in 1958 to focus on other ventures, and In 1982, a group of investors, including Mervin Morris, founder of the Mervyns chain, recognized the potential in Ross's unique approach. They restructured the company and expanded its scope, emphasizing a broader range of merchandise, including men's and women's apparel, home decor, and accessories. The reimagined Ross Stores emphasized a no-frills shopping experience, offering significant discounts on designer and brand-name goods. By the early 21st century, Ross Stores had become one of the largest off-price retailers in the United States, operating hundreds of Ross Dress for Less stores across the country.

The merchandise sold at Ross Store’s retail locations is relatively similar to what is offered at other comparable department stores such as Kohl’s, Target, and other similar retailers. The store's inventory primarily consists of apparel, accessories, footwear, and home furnishings. In the apparel section, customers can find clothing for women, men, and children, encompassing a variety of styles from casual wear to business attire. This includes a selection of designer and brand-name items, often at discounted prices compared to traditional retail stores. Footwear in Ross Stores caters to all age groups, featuring a mix of everyday shoes, athletic footwear, and dress shoes. The accessory department includes a range of items such as handbags, wallets, belts, and jewelry, offering customers options to complement their attire. For home furnishings, Ross provides an assortment of products like bedding, kitchenware, small furniture, and decorative items.

DD's Discounts, a retail chain operated by Ross Stores, Inc., offers a similar approach to its parent company but with a focus on lower-priced items. Primarily targeting moderate-income households, DD's Discounts features a wide array of merchandise including apparel, footwear, home decor, and accessories, often at prices lower than those found at Ross Dress for Less. This includes a mix of closeouts, manufacturer buybacks, and overruns.