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Ross Dress For Less
From Wikipedia, the free encyclopedia
| Ross Stores, Inc. | |
 |
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| Type | Department store |
|---|---|
| Founded | 1954 (San Bruno, California) |
| Headquarters | Pleasanton, California |
| Key people | Michael Balmuth, CEO |
| Industry | Retail |
| Products | Clothing, footwear, bedding, furniture, jewelry, beauty products, and housewares. |
| Slogan | "Dress for Less" |
| Website | http://www.rossstores.com/ |
Ross Stores, Inc. NASDAQ: ROST is a chain of American department stores. It is the nation's third largest off-price retailer with fiscal 2005 revenues of $4.9 billion. As of January 28, 2006, the company operated 714 Ross stores in 26 U.S. states and Guam. There are currently no Ross stores in the midwest or New England. [1]
Ross Department Store was first opened in San Bruno, California, in 1954. The next store was established in Pacifica, California, in the late 1950's. The quality of Ross was that of a Macy's[citation needed], and you were able to purchase items with your ROSS Credit Card. The credit card was later dropped and the format changed to what it is today in 1982. Ross also operates the Dd's discounts chain of clothing and furniture stores, designed to cater to lower-income consumers with prices below those of the main Ross stores. Ross and DD's discounts stores often operate side by side in space formerly used by a large box store such as a grocery store and then subdivided. While a part of the same company, both stores operate completely independently and carry different merchandise assortments with Dd's having a more "urban" flavor.
Ross offers brand name clothing, footwear, bedding, furniture, fine jewelry, beauty products, and housewares. All merchandise is 20 - 60% below regular department and specialty store prices.