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Ross Stores, Inc.
Trade name	Ross Dress for Less
Company type	Public
Traded as	Nasdaq: ROST; Nasdaq-100 component; S&P 500 component; B3: ROST34;
Industry	Retail
Founded	1950; Pacifica, California, U.S.
Founder	Morris Ross; Bill Isackson
Headquarters	Dublin, California, U.S.
Number of locations	1,795 (Ross Dress for Less); 353 (DD's Discounts);
Area served	United States; Washington, D.C.; Guam;
Key people	James Conroy (CEO); K. Gunnar Bjorklund (executive chairman); Michael Balmuth (president); Michael J. Hartshorn (COO);
Products	Clothing, footwear, bedding, bath, furniture, home decor, jewelry, beauty products, toys, appliances, housewares, and giftware.
Revenue	US$14.89 billion (2018)
Operating income	US$1.61 billion (2015)
Net income	US$1.02 billion (2015)
Total assets	US$4.87 billion (2015)
Total equity	US$2.47 billion (2015)
Number of employees	88,100 (2019)
Subsidiaries	dd's Discounts
Website	rossstores.com; ddsdiscounts.com;
	Footnotes / references;

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 July 2024, Ross operates 1,795 stores in 43 U.S. states, Washington, D.C. and Guam,^[7] covering much of the country, but with no presence in New England, Alaska, and areas of the Midwest.^[8] The company also operates DD's Discounts, a discount department store chain with over 353 locations across the United States, most of which are located in Sun Belt states.^[9]

History

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 in the San Francisco Bay Area, 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, 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, California, 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]

On October 28, 2024, the board of directors appointed James Conroy as the new CEO, succeeding Barbara Rentler effective February 2, 2025.^[16] Conroy previously served as CEO of Boot Barn.