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Ross Stores, Inc., operating under the brand name Ross Dress for Less, is an American chain of
Ross Department Store was first opened in
Official website
{{NASDAQ-100 Clothing retailers of the United States American companies established in 1950 Retail companies established in 1950 Discount stores of the United States Companies based in Alameda County, California Dublin, California Companies listed on the Nasdaq 1950 establishments in California
discount department store
A discount store or discounter offers a retail format in which products are sold at prices that are in principle lower than an actual or supposed "full retail price". Discounters rely on bulk purchasing and efficient Logistics, distribution to kee ...
s headquartered in Dublin, California. It is the largest off-price Off-price is a trading format based on discount pricing. Off-price retailers are independent of manufacturers and buy large volumes of branded goods directly from them. The off-price retail model relies on the purchase of over-produced, or excess, ...
retailer in the U.S.; as of 2018, Ross operates 1,483 stores in 37 U.S. state
In the United States, a state is a constituent political entity, of which there are 50. Bound together in a political union, each state holds governmental jurisdiction over a separate and defined geographic territory where it shares its sover ...
s, the District of Columbia
)
, image_skyline =
, image_caption = Clockwise from top left: the Washington Monument and Lincoln Memorial on the National Mall, United States Capitol, Logan Circle, Jefferson Memorial, White House, Adams Morgan, ...
and Guam
Guam (; ch, Guåhan ) is an organized, unincorporated territory of the United States in the Micronesia subregion of the western Pacific Ocean. It is the westernmost point and territory of the United States (reckoned from the geographic cent ...
, covering much of the country, but with no presence in New York
New York most commonly refers to:
* New York City, the most populous city in the United States, located in the state of New York
* New York (state), a state in the northeastern United States
New York may also refer to:
Film and television
* '' ...
, northern New Jersey
New Jersey is a state in the Mid-Atlantic and Northeastern regions of the United States. It is bordered on the north and east by the state of New York; on the east, southeast, and south by the Atlantic Ocean; on the west by the Delaware ...
, Alaska
Alaska ( ; russian: Аляска, Alyaska; ale, Alax̂sxax̂; ; ems, Alas'kaaq; Yup'ik: ''Alaskaq''; tli, Anáaski) is a state located in the Western United States on the northwest extremity of North America. A semi-exclave of the U.S., ...
, Puerto Rico
Puerto Rico (; abbreviated PR; tnq, Boriken, ''Borinquen''), officially the Commonwealth of Puerto Rico ( es, link=yes, Estado Libre Asociado de Puerto Rico, lit=Free Associated State of Puerto Rico), is a Caribbean island and Unincorporated ...
, and areas of the Midwest
The Midwestern United States, also referred to as the Midwest or the American Midwest, is one of four Census Bureau Region, census regions of the United States Census Bureau (also known as "Region 2"). It occupies the northern central part of ...
.
History
Ross Department Store was first opened in San Bruno, California
San Bruno (Spanish for " St. Bruno") is a city in San Mateo County, California, United States, incorporated in 1914. The population was 43,908 at the 2020 United States Census. The city is between South San Francisco and Millbrae, adjacent to S ...
, 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. 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
Mervyn's was an American middle-scale department store chain based in Hayward, California, and founded by Mervin G. Morris (1920–2021). It carried national brands of clothing, footwear, bedding, furniture, jewelry, beauty products, electronics, ...
chain of department stores, purchased the six Ross Department Stores in San Francisco
San Francisco (; Spanish language, Spanish for "Francis of Assisi, Saint Francis"), officially the City and County of San Francisco, is the commercial, financial, and cultural center of Northern California. The city proper is the List of Ca ...
, changed the format to off-price Off-price is a trading format based on discount pricing. Off-price retailers are independent of manufacturers and buy large volumes of branded goods directly from them. The off-price retail model relies on the purchase of over-produced, or excess, ...
retail units, and within three years rapidly expanded the chain to 107 stores under Stuart Moldaw and Don Rowlett. 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
Ross Stores, Inc., operating under the brand name Ross Dress for Less, is an American chain of discount department stores headquartered in Dublin, California. It is the largest off-price retailer in the U.S.; as of 2018, Ross operates 1,483 sto ...
in 8 states. Ross moved its headquarters from Newark
Newark most commonly refers to:
* Newark, New Jersey, city in the United States
* Newark Liberty International Airport, New Jersey; a major air hub in the New York metropolitan area
Newark may also refer to:
Places Canada
* Niagara-on-the ...
to Pleasanton, California
Pleasanton is a city in Alameda County, California, United States. Located in the Amador Valley, it is a suburb in the East Bay region of the San Francisco Bay Area. The population was 79,871 at the 2020 United States Census, 2020 census. In 200 ...
, in the Tri-Valley
The Tri-Valley area is grouping of three valleys in the East Bay (California), East Bay region of California's San Francisco Bay Area, Bay Area. The three valleys are Amador Valley, San Ramon Valley, and Livermore Valley. The Tri-Valley encompass ...
area, in 2003.
Barbara Rentler
Barbara Rentler (born between 1947 and 1948) is a businesswoman, and the current CEO of Fortune 500 company, Ross Stores Inc.
Career
Rentler joined Ross Stores
Ross Stores, Inc., operating under the brand name Ross Dress for Less, is an Am ...
took the place of CEO Michael Balmuth on June 1, 2014; she was the 25th female CEO of a Fortune 500
The ''Fortune'' 500 is an annual list compiled and published by ''Fortune'' magazine that ranks 500 of the largest United States corporations by total revenue for their respective fiscal years. The list includes publicly held companies, along ...
company. Ross moved its headquarters from Pleasanton to neighboring Dublin, California
Dublin (formerly, Dougherty, Alameda County, California, Amador and Dougherty's Station) is a suburban city of the East Bay in California. It is located within the Amador Valley of Alameda County, California, Alameda County's Tri-Valley region. ...
, in 2014.
Ross Stores opened 28 new locations in July 2019 with the chain having 1,523 stores and operating 249 Dd's Discounts in 39 states, the District of Columbia
)
, image_skyline =
, image_caption = Clockwise from top left: the Washington Monument and Lincoln Memorial on the National Mall, United States Capitol, Logan Circle, Jefferson Memorial, White House, Adams Morgan, ...
, and Guam
Guam (; ch, Guåhan ) is an organized, unincorporated territory of the United States in the Micronesia subregion of the western Pacific Ocean. It is the westernmost point and territory of the United States (reckoned from the geographic cent ...
.
See also
*Burlington
Burlington may refer to:
Places Canada Geography
* Burlington, Newfoundland and Labrador
* Burlington, Nova Scotia
* Burlington, Ontario, the most populous city with the name "Burlington"
* Burlington, Prince Edward Island
* Burlington Bay, no ...
*Marshalls
Marshalls is an American chain of off-price department stores owned by TJX Companies. Marshalls has over 1,000 American stores, including larger stores named Marshalls Mega Store, covering 42 states and Puerto Rico, and 61 stores in Canada. Mar ...
*T.J.Maxx
TJ Maxx (stylized as T•J•maxx) is an American department store chain, selling at prices generally lower than other major similar stores. It has more than 1,000 stores in the United States, making it one of the largest clothing retailers in ...
*Walmart
Walmart Inc. (; formerly Wal-Mart Stores, Inc.) is an American multinational retail corporation that operates a chain of hypermarkets (also called supercenters), discount department stores, and grocery stores from the United States, headquarter ...
*Target Corporation
Target Corporation (doing business as Target and stylized in all lowercase since 2018) is an American big box department store chain headquartered in Minneapolis, Minnesota. It is the seventh largest retailer in the United States, and a compon ...
References
External links
Official website
{{NASDAQ-100 Clothing retailers of the United States American companies established in 1950 Retail companies established in 1950 Discount stores of the United States Companies based in Alameda County, California Dublin, California Companies listed on the Nasdaq 1950 establishments in California