What is Ross Stores? Ross Stores Review, Features

Ross Stores is an American department store chain headquartered in Pleasanton, California. It is the third-largest discount retailer in the United States, behind TJ Maxx and Marshalls, both of which are owned by TJX Companies.

About Ross Stores

In 1950, Morris "Maury" Ross opened the first Ross Department Store in Pacifica, California. In 1958, Ross sold his stores and became a residential and commercial real estate developer. In 1982, a group of investors, including Mervin Morris, the founder of the Mervyns department store chain, purchased six Ross Department Stores in San Francisco and changed the department store's low-price retail strategy, and within three years the chain had 107 stores.

By the end of 1995, Ross Stores had operations in 18 states, annual sales of more than $14 billion, and 292 stores. By 2012, the company had sales of $9.7 billion and 1,091 stores in 33 states.

Ross Stores' Goal

The goal is to help children achieve academic success, build confidence, and lead healthy lives.