Ross Stores Inc (NASDAQ: ROST) is an off-price retail company that sells apparel, accessories, footwear, and home merchandise at prices below traditional retail through its Ross Dress for Less and dd's DISCOUNTS store chains. Revenue is generated entirely through transactional in-store sales, with no membership or subscription component. As of January 31, 2026, the company operated 2,267 stores total, comprised of 1,904 Ross Dress for Less locations and 363 dd's DISCOUNTS locations, all in the United States and its territories. Merchandise is sourced through opportunistic close-out purchases of manufacturer overruns and canceled orders, upfront production purchases, and in-house or vendor brands, with a packaway strategy that holds inventory in warehouses, typically less than six months, for release aligned to selling seasons. CEO James G. Conroy leads the company, with William W. Sheehan II serving as CFO.

Revenue model

Transactional retail sales. Revenue is generated at the point of sale in physical stores. There is no disclosed subscription, membership, or e-commerce revenue stream in the FY2025 10-K filing.

Products and services

Apparel, accessories, footwear, and home merchandise sold under national and prestige brands acquired via close-out and overrun purchases, upfront production purchases, and in-house or vendor brands. The company uses a packaway inventory model, storing purchased merchandise in warehouses for later seasonal release to stores.

Customers and end markets

Value-oriented consumers shopping for brand-name and name-brand merchandise at below-traditional-retail prices. Stores are located in community and neighborhood shopping centers in heavily populated urban and suburban areas across the United States and its territories. dd's DISCOUNTS targets a more moderate-income customer base than Ross Dress for Less.

Value-chain role

Downstream off-price retailer. Buys excess and overrun inventory from manufacturers and brands, warehouses a portion as packaway inventory, and sells directly to consumers through self-service store formats. Primary buying offices are in New York City, Los Angeles, and Boston (as disclosed in FY2025 10-K).

Geographic exposure

United States and its territories exclusively, as of January 31, 2026. Stores span states including California (491 Ross stores), Florida (253), Texas (disclosed but count not excerpted), Illinois (107), Arizona (96), and others, plus locations in Guam. No international operations disclosed.

Source: SEC 10-K, filed 2026-03-31

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