Trade Ross Stores
Ross Stores, Inc., operating under the brand name Ross Dress For Less, is an American chain of discount stores based in Dublin, California. It is the largest off-price retailer in the United States. As of 2018, Ross operates 1,483 stores in 37 U.S. states, the District of Columbia and Guam, covering most of the country, but has no presence in New England, New York, northern New Jersey, Alaska, Puerto Rico and areas in the Midwest. Ross Shop first opened in San Bruno, California, in 1950 by Maurice "Murray" Ross. Morris worked 85 hours a week making all the purchases and bookkeeping of his store in 1958. Isaacson built the company into six stores, located in San Bruno, Pacifica, Novato, Vacaville, Redwood City, and Castro Valley. In 1982, a group of investors, including Mervyn Morris, founder of the Mervyn chain, bought Ross's six stores in San Francisco, changed the format to retail units at exorbitant prices, and within three years the chain quickly expanded to 107 stores under Stuart Moldau and Don Rolet. By the end of 1995, the chain's annual sales had reached $1.4 billion with 292 stores in 18 states. By 2012 Ross reached $9.7 billion for the fiscal year with 1,091 stores in 33 states with an additional 108 DD discounts in 8 states. Ross moved its headquarters from Newark to Pleasanton, California, in the Tree Valley area, in 2003.