Ross Stores Inc
Stock Symbol: ROST
4440 Rosewood Drive
Ross Stores Inc Industry:
Ross Stores Inc Description:
Ross wants to let you dress (and lots more) for less. Ross Stores operates a discount clothing chain with about 570 outlets. The company sells mostly closeout merchandise, including men's, women's, and children's clothing, at prices well below those of department and specialty stores. Although apparel accounts for about two-thirds of sales, the stores also sell small furnishings, educational toys and games, luggage, and gourmet foods in select stores. Featuring the Ross "Dress for Less" trademark, the chain targets 25- to 54-year-old white-collar shoppers from primarily middle-income households. Ross stores are located in strip malls in 25 states, mostly in the western US, and Guam.
Ross Stores Inc Financial Summary:
ROST operates a national chain of off-price retail apparel and home accessories stores whose products include in-season branded apparel, shoes, fragrances, gift items for the home & bed & bath accessories. For the 6 months ended 7/30/05, net sales rose 15% to $2.30B. Net income rose 15% to $92.3M. Revenues reflect an increased number of stores in operation and higher same-store sales. Earnings also benefited from the absence of impairment charges.
Ross Stores Inc Business Summary:
Ross Stores, Inc. operates two chains of off-price retail apparel and home accessories stores, which target value-conscious men and women between the ages of 25 and 54, primarily in middle-income households. The Company offers brand name and designer merchandise at low everyday prices. The Company generally offers a large selection of brand names within each classification with an assortment of vendors, labels, prices, colors, styles and fabrics within each size or item. The Company has diversified its merchandise offerings by adding new product categories, such as maternity, small furniture or furniture accents, educational toys and games, luggage, gourmet food and cookware, sporting goods and, in select stores, fine jewelry. Total comparable store sales by department during the year ended January 29, 2005 (fiscal 2004) were: ladies 34%, home accents, and bed and bath 21%, men's 16%, fine jewelry, accessories, lingerie and fragrances 12%, children's 9% and shoes 8%.