Ross Stores, Inc. (NASDAQ: ROST) was founded in 1957 and is headquartered in Dublin, California, with 78,600 full-time employees. It is the third largest discount (low-price) department store in the United States after TJX ‘s TJ Maxx and Marshalls. , Retail chain empire (in the name of: Ross Dress for Less engaged in business activities).
Ross Stores (ROST):
As of July 29, 2017, Ross Department Store operated 1,384 Ross Dress for Less stores in 37 U.S. states, the District of Columbia and Guam, and 205 dd’s DISCOUNTS stores in 16 U.S. states.
History of Ross Stores (ROST):
- Ross Department Store was first opened by Morrie Ross in Pacifica, California in 1950. It was named after Morrie. In order to manage the store, Morrie worked more than 12 hours a day.
- In 1958, Rose sold his store and became a residential and commercial real estate developer.
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- In 1982, under the leadership of Mervin Morris, founder of the Mervyns department store chain, he acquired 6 Rose department stores in Los Angeles and made the company into a “discount department store chain.”
- In 1985, after three years of rapid development, the company expanded into a large department store chain with 107 stores (store names: Stuart Moldaw and Don Rowlett).
- At the end of 1995, it reached annual sales of 1.4 billion US dollars, with 292 stores operating in 18 states of the United States, a large-scale department store chain.
- In 2012, the company developed into the third largest discount department store in the U.S. with 1,091 stores in 33 states and annual sales of US$9.7 billion. In addition, the company has 108 stores in 8 U.S. states with the title of “Dd’s Discount Store”. Famous store.
- On June 1, 2014, Barbara Rentler succeeded Michael Balmuth as the CEO of Ross Department Store, which is also the 25th female CEO of a Fortune 500 company.