Ross Stores, Inc. is a leading off-price retail company in the U.S., offering name-brand apparel and home fashions through its brands Ross Dress for Less and dd’s DISCOUNTS.

# Ross Stores, Inc. - Company Summary

## Business Overview
Ross Stores, Inc. is a leading off-price retail company specializing in apparel and home fashions. It operates two main brands:
- **Ross Dress for Less® ("Ross")**
- **dd’s DISCOUNTS®**

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## Brand Details

### Ross Dress for Less®
- Largest off-price apparel and home fashion chain in the U.S.
- **Number of Locations:** 1,831 stores
- **Regions:** 43 states, District of Columbia, Guam
- **Target Customers:** Primarily middle-income households
- **Product Offering:** First-quality, in-season, name-brand and designer apparel, accessories, footwear, and home furnishings
- **Pricing Strategy:** Savings of 20% to 60% off department and specialty store regular prices daily
- **Customer Experience:** Organized, easy-to-shop, "treasure-hunt" environment

### dd’s DISCOUNTS®
- Focuses on more moderately priced goods
- **Number of Locations:** 355 stores
- **States Covered:** 22 states
- **Target Customers:** Households with lower to moderate incomes
- **Product Offering:** First-quality, in-season, name-brand apparel, accessories, footwear, and home décor
- **Pricing Strategy:** Savings of 20% to 70% below moderate department and discount store prices daily
- **Store Placement:** Usually in established shopping centers in urban/suburban neighborhoods

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## Merchandise & Purchasing
- Wide product assortment across categories:
  - Apparel, footwear, home accents, bed and bath, beauty products, accessories, toys, gourmet food, luggage, electronics, pet accessories, jewelry, cookware
- **Sourcing:**  
  - Majority purchased directly from manufacturers
  - Sourcing strategies include opportunistic "close-out" purchases, production direct ("upfront" purchases), and in-house brands
- **Inventory Management:**
  - Merchandise is received 3-6 times weekly
  - Approximately 41% and 40% of inventories are "packaway" (stored for future sales), typically less than six months

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## Store Operations
- Total stores (as of February 1, 2025): **2,186 stores**
  - Ross: 1,831 stores
  - dd’s DISCOUNTS: 355 stores
- Location preferences:
  - Community/neighborhood shopping centers
  - Clustered in key markets for economies of scale
- Store layout:
  - Single floor, racetrack aisle design
  - Organized with signs and category markers
  - Shopping carts/baskets available
  - Located predominantly in urban/suburban areas

## Financial Metrics (Fiscal Year ending February 1, 2025)
- **Revenue:** $21.13 billion
- **Net Income:** $2.09 billion
- **Earnings per Share (Diluted):** $6.32
- **Employees:** Approximately **107,000 associates**
  - Over 85% work in stores
- **Customer Base:** Not explicitly specified, but based on number of stores and regions, it serves a broad cross-section of U.S. retail consumers

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## Strategic Focus
- Maintain recognizable brands and strong discounts
- Respond to local customer needs
- Offer a compelling shopping environment
- Manage real estate expansion and consolidation
- Leverage efficient supply chain and sourcing strategies
- Invest in technology and information systems

## Market Position
- Competes on offering significant discounts and value
- Focuses on fast inventory turnover with a "treasure hunt" shopping experience
- Operates within a highly fragmented, competitive retail landscape, with additional pressures from online commerce and fast-changing consumer preferences

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This summary provides a detailed overview of Ross Stores, Inc., covering its core business operations, brand strategies, geographic footprint, product and sourcing approach, customer focus, financial performance, and strategic initiatives.

Ross Stores, Inc. operates as a leading off-price retailer in the U.S. offering apparel and home fashions at significant discounts through its brands Ross Dress for Less and dd’s DISCOUNTS.

# Company Overview: Ross Stores, Inc.

## Business Operations
Ross Stores, Inc. operates two brands of off-price retail apparel and home fashion stores:
- **Ross Dress for Less®** – The largest off-price apparel and home fashion chain in the U.S., with **1,764 locations** as of February 3, 2024. 
- **dd’s DISCOUNTS®** – Operates **345 stores** in 22 states as of the same date.

## Target Market
- **Ross** caters primarily to middle-income households.
- **dd’s DISCOUNTS** targets value-conscious customers from moderate-income households.

Both brands focus on offering first-quality, in-season, name-brand and designer apparel, accessories, footwear, and home fashions at significant discounts—**20% to 60% off** department and specialty store prices at Ross, and **20% to 70% off** moderate department and discount store prices at dd’s DISCOUNTS.

### Shopping Experience
Ross Stores are designed to provide a self-service, "treasure-hunt" shopping experience, featuring:
- Organized store layouts and easy navigation.
- Frequent inventory turnover, with new products shipped to stores **three to six times a week**.
  
## Financial Information
- **Fiscal Year Ended**: February 3, 2024 (53 weeks).
- **Total Employees**: Approximately **108,000 associates**, with around **85%** working in retail stores.
- **Revenue and Income**: Specific figures are not provided in the overview, but as a publicly traded company, these can be found in the company's financial reports.

## Supply Chain and Distribution
- Operates distribution processing facilities that are large, highly automated, and built to suit the off-price business model.
- Uses a mix of owned and leased facilities to manage and distribute merchandise to stores.

## Marketing and Advertising
Utilizes a blend of:
- Traditional and digital channels, including social media and digital audio, to effectively communicate value propositions to customers.
- New store openings as key events to attract customers.

## Company Mission
The mission focuses on delivering competitive values through:
- Maintaining recognizable brands at strong discounts.
- Meeting local customer needs.
- Providing an in-store shopping experience that aligns with off-price retail expectations.

## Notable Strategic Details
- Emphasis is placed on opportunistic buying strategies to acquire high-quality merchandise at competitive prices.
- Shops and distribution operations for Ross and dd’s DISCOUNTS are distinct but share corporate support services.
  
Without specific details on revenue and income from the original text, it is suggested to refer to their most recent financial statements for comprehensive financial metrics.

ROSS STORES, INC.

10-K / April 1, 2025

10-K / April 2, 2024

10-K / April 1, 2025

Ross Stores, Inc. - Company Summary

Business Overview

Brand Details

Ross Dress for Less®

dd’s DISCOUNTS®

Merchandise & Purchasing

Store Operations

Financial Metrics (Fiscal Year ending February 1, 2025)

Strategic Focus

Market Position