Ross Stores is an American discount retailer, specializing in apparel and accessories, as well as homeware. Ross Stores, headquartered in California, operates two segments, Ross Dress for Less and dd’s DISCOUNTS. The company operates exclusively within the United States, which consistently ranks as one of the
. China and the U.S. generate far higher revenues than any other country. The United States is also home to many of the world’s largest companies, such as Walmart, Amazon, and Target. These are huge companies that Ross Stores competes with, itself ranking as the 26th
.
The might of Ross Stores
In the financial year 2022, which ended January 28, 2023,
Ross Stores made sales of 18.7 billion U.S. dollars, very similar to the previous year’s 18.9 billion dollars. This came after a steady increase in annual revenue since 2014. The two segments of ladies’ apparel and homeware accounted for
half of these sales.
Ross Stores has a
presence in 42 states across the U.S. The three states with the highest number of stores are California, Texas, and Florida. The number of stores has steadily increased over the years, and in 2022, there were a total of
1,693 Ross Dress for Less stores and over 300 dd’s DISCOUNTS. This significant presence does not go unnoticed, as 79 percent of fashion
shoppers in the U.S. were aware of Ross Dress for Less in 2022.
TJX Companies
Ross Stores’ most direct competitor is TJX companies. TJX Companies is one of the largest apparel retailers in the United States. Unlike Ross Stores, TJX Companies operates around the globe,
under various brand names, such as TK Maxx in Europe and Winners in Canada. In 2022,
TJX companies made worldwide sales of approximately 50 billion dollars,
over three-quarters of which were generated in the United States.
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