- Ross Stores Inc.
Infobox_Company | company_name = Ross Stores, Inc. | company_| company_type = Public (NASDAQ|ROST) | company_slogan = "There's No Comparison" | foundation =
1957 (San Bruno, California )| location =Pleasanton, California | key_people = Michael Balmuth, CEO
industry =Retail | products = Clothing, footwear, bedding, furniture, jewelry, beauty products, and housewares. | homepage = http://www.rossstores.com/ |Ross Stores, Inc. nasdaq|ROST is a chain of American off-price
department store s. It is the nation's third largest off-price retailer (behindT.J. Maxx andMarshalls ) with fiscal 2005 revenues of $4.9 billion. As ofFebruary 3 ,2007 , the company operated 771 Ross stores in 27U.S. state s andGuam , [ [http://phx.corporate-ir.net/phoenix.zhtml?c=64847&p=irol-irhome Ross Overview Company Profile] ] covering most of the country except forNew England ,Alaska , and a large area of the midwest. [ [http://rossstores.findlocation.com/ Ross Store Locator] ]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.
History
Ross Department Store was first opened in
San Bruno, California , in1957 byAdali Baer . [http://www.fundinguniverse.com/company-histories/Ross-Stores-Inc-Company-History.html Ross Stores, Inc. - Company History ] ] The next store was established inPacifica, California , in the late 1950s. The format of Ross was changed to an off-price department store in1982 .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. In
1984 , Ross acquired the Plumas chain from Target.References
External links
* [http://www.rossstores.com/ Ross Official Website]
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