BNET Industries
Market Cap:$4.9B
Last Fiscal Year Sales:$5.9B
- Public
- US
Dow Jones Description
Ross Stores, Inc., a Fortune 500 and Nasdaq 100 (ROST) company headquartered in Pleasanton, California, is the nation's second largest off-price company with fiscal 2006 revenues of $5.6 billion. The Company operates 841 Ross Dress for Less ("Ross") stores and 52 dd's DISCOUNTS locations in 27 states and Guam. Ross offers first-quality, in-season, name brand and designer apparel, accessories, footwear and home fashions for the entire family at everyday savings of 20 to 60 percent off department and specialty store regular prices. dd's DISCOUNTS features a more moderately-priced assortment of first-quality, in-season, name brand apparel, accessories, footwear and home fashions for the entire family at everyday savings of 20 to 70 percent off moderate department and discount store regular prices.
Chief Executive OfficerMichael Balmuth
Number of Employees 13,500
Contact Information
4440 Roseweood Drive
Pleasanton, California 94588
(925) 965-4400
Peer Companies
NAICS Code Family Clothing Stores: 448140
Recent Events
-
Discount Retailer Rings The Register As Shoppers Seek Bargains
-
Ross Stores Recalls Benches Due to Fall Hazard
-
Gregory L. Quesnel Joins Ross Stores Board of Directors
-
Ross Stores Recalls Benches Due to Fall Hazard
-
Ross Stores ROST Declares $0.11 Qtr. Dividend, Yielding 1.23%
-
Headline Hits: Ross Stores Raises Guidance
-
Ross Stores Recalls Folding Patio Chairs Due to Fall Hazard
-
J.C. Penney, TJX, Ross issue brighter forecasts
-
RBC Capital Initiates Coverage on Ross Stores ROST
-
Ross Continues to Envision 1,200 Stores
-
Despite economy, Ross posts big profit
-
Price meant something in January comps
-
Ross posts 2% same-store sales drop but raises outlook
-
Ross Stores Dec. Comps flat; sees 2%-4% fall in Jan. Comps; revises Q4 EPS view...
News & Analysis
Filter by
ross stores inc. - All News and Analysis
Ross Stores Inc. F4Q08 (Qtr End 1/31/09) Earnings Call Transcript
Question-and-Answer SessionOperator Operator Instructions Your first question comes from Marni Shapiro - The Retail Tracker. Marni Shapiro - The Retail Tracker Two quick questions, the first is housekeeping. You guys have done a lot of work on shrink over the years than you have initiated a couple of years...
Ross Stores, Inc. Q3 2008 (Qtr End 11/01/08) Earnings Call Transcript
Question-and-Answer SessionOperator Operator Instructions The first question comes from Paul Lejuez - Credit Suisse. Paul Lejuez - Credit Suisse Can you maybe just clarify what you were saying on payroll shifts? What was it that hurt expenses in the third quarter? Michael, given what is happening in...
Earnings Preview: Ross Stores
Ross Stores ROST is expected to report Q3 earnings before market open Wednesday, November 19, with a conference call scheduled for 11:00 am ET. Guidance Analysts are looking for a profit of 43c on revenue of $1.56B. The consensus range is 42c to 44c for EPS, and revenue of $1.56B...
Discount Retailers Continue to Thrive
Zacks.com submits: Key Points:Consumers continue to seek out bargains due to the sluggish economy and credit crunchThe trend towards thriftiness is benefiting discount retailers such as Big Lots and Dollar Tree Recent trends made Tuesday's bullish earnings report from closeout retailer Big Lots BIG not all that...
Retailers and Financials Up During the Bear Market
Hickey and Walters Bespoke submit: Financials and Retailers have been some of the worst performing stocks of the bear market that started last October. There are some stocks in these groups that have managed gains in this market, however. Below we highlight Retailers and Financials in the Russell...
2008 Q2 Portfolio Holdings: Berkowitz, Rodriguez & Pabrai
Davy Bui submits: In their 13F-HR filing for Q2 2008, Bruce Berkowitz and his cohorts at the Fairholme Fund continue their shift from energy into healthcare:Fairholme opened huge relative positions in Pfizer PFE, Forest Labs FRX and UnitedHealth Group UNH. The UNH position echos Seth Klarman’s endorsement. I don’t...
Ross Stores F2Q08 (Qtr End 8/2/08) Earnings Call Transcript
Question-and-Answer Session Operator Operator Instructions Your first question comes from Adrianne Shapira. Adrianne Shapira - Goldman Sachs Thank you. Very impressive on the inventory control. We were just wondering if you could shed some light in terms of the level of markdowns in that inventory, because to your point...
Earnings Preview: Ross Stores
Ross Stores ROST is expected to report Q2 earnings before market open Wednesday, Aug. 20, with a conference call scheduled for 11:00 am ET.Guidance Analysts are looking for a profit of 54c on revenue of $1.61B. The consensus range is 52c to 54c for EPS, and revenue of $1.56B to...
Ross Stores May Sales Call Transcript
Earnings Call Excerpt Ross Stores ROST May Sales Call June 5, 2008 8:30 am ET Executives John Call - Chief Financial Officer Presentation John Call Good morning. Welcome to this Ross Stores pre-recorded message that provides additional information on our May sales release issued on Thursday,...
Ross Stores, Inc.Q1 2008 Earnings Call Transcript
Question-and-Answer SessionOperator Operator Instructions. Your first question is from Jeff Black with Lehman Brothers. Jeff Black – Lehman Brothers Congratulations, guys. Just a couple of questions, I guess, for Michael. Where specifically are we seeing some improvement or better traction in the ladies business? Can you update us on...
Decision Makers
| Name (plus bio) | Position |
|---|---|
| Michael Balmuth | Chief Executive Officer |
| Gary L. Cribb | COO & Executive Vice President |
| John G. Call | Chief Financial Officer |
| Michael B. O'Sullivan | Chief Admin Officer & Executive Vice President |
| Michael K. Kobayashi | CIO & Senior Vice President |
| Barbara Rentler | Executive Vice President, Merchandising |
| James S. Fassio | Executive Vice President, Property Development, Construction and Store Design |
| Lisa Panattoni | Executive Vice President, Merchandising |
| Art Roth | Senior Vice President, Merchandise Control |
| Carl Matteo | Senior Vice President |
| D. Jane Marvin | Senior Vice President, Human Resources |
| Ken Caruana | Senior Vice President, Strategy, Marketing, Store Planning & Allocation |
| Mark LeHocky | Senior Vice President and General Counsel |
| Mary Walter | Senior Vice President, Stores |
| Michael L. Wilson | Senior Vice President, Distribution and Transportation |
| Robert J. Bernard | Senior Vice President |
| Katie Loughnot | Vice President, Investor Relations |
| Bernie Brautigan | Senior Vice President and General Merchandise Manager |
| Douglas Baker | Senior Vice President and General Merchandise Manager, dd's DISCOUNTS |
| Jennifer Williams | Senior Vice President & General Manager, Mdse |
| Terri Mann | Senior Vice President and General Merchandise Manager |
| Joe Horowitz | investor |
Board of Directors
| Name (plus bio) | Position |
|---|---|
| Norman A. Ferber | Chairman |
| Stuart G. Moldaw | Chairman Emeritus |
| Don Seiler | Board of Directors |
| George P. Orban | Board of Directors |
| K. Gunnar Bjorklund | Board of Directors |
| Michael Bush | Board of Directors |
| Sharon D. Garrett | Board of Directors |
Vice Chairman of the Board and Chief Executive Officer of the Company since September 1996; from July 1993 through August 1996, Executive Vice President, Merchandising; and from November 1989 through June 1993, Senior Vice President, Merchandising.
| Organization | Position | Status |
|---|---|---|
| Ross Stores, Inc. | Chief Executive Officer | Current |
| Ross Stores, Inc. | President | Current |
| Ross Stores, Inc. | Vice Chairman | Current |
| Ross Stores, Inc. | Executive Vice President, Merchandising | Former |
| Ross Stores, Inc. | General Merchandise Manager | Former |
Mr. Cribb has served as Executive Vice President and Chief Operations Officer since February 2005. He joined the Company in August 2002 as Senior Vice President of Store Operations. From December 1998 to August 2002, Mr. Cribb was Senior Vice President of Sales and Operations for Staples. Prior to joining Staples, he held various management positions with Office Depot from 1991 to 1998, most recently as Regional Vice President. His prior experience also includes various positions with Marshalls and The May Department Stores Company.
| Organization | Position | Status |
|---|---|---|
| Ross Stores, Inc. | COO & Executive Vice President | Current |
| Ross Stores, Inc. | Senior Vice President, Operations | Former |
Mr. Call has served as Senior Vice President and Chief Financial Officer since February 2009. He joined Ross in June 1997 as Senior Vice President, Chief Financial Officer and Corporate Secretary. From June 1993 until joining Ross in 1997, Mr. Call was Senior Vice President, Chief Financial Officer, Secretary and Treasurer of Friedman’s. For five years prior to joining Friedman’s in June 1993, Mr. Call held various positions with Ernst & Young LLP.
| Organization | Position | Status |
|---|---|---|
| Ross Stores, Inc. | Chief Financial Officer | Current |
| Ross Stores, Inc. | Senior Vice President | Current |
| Ross Stores, Inc. | Corporate Secretary | Current |
| Friedman's Inc. | Chief Financial Officer | Former |
| Friedman's Inc. | Senior Vice President | Former |
| Friedman's Inc. | Secretary | Former |
Mr. O’Sullivan has served as Executive Vice President and Chief Administrative Officer since February 2005. He joined Ross in September 2003 as Senior Vice President, Strategic Planning and Marketing. From 1991 to 2003, Mr. O’Sullivan was a partner with Bain & Company providing consulting advice to retail, consumer goods, financial services, and private equity clients.
| Organization | Position | Status |
|---|---|---|
| Ross Stores, Inc. | Chief Admin Officer & Executive Vice President | Current |
| Ross Stores, Inc. | Senior Vice President, Strategic Planning, Marketing | Current |
Mr. Kobayashi has served as Group Senior Vice President – Supply Chain, and Chief Information Officer since March 2008. From December 2004 to March 2008, he served as Senior Vice President and Chief Information Officer. Prior to joining Ross, Mr. Kobayashi was a partner with Accenture, providing consulting services to clients in Accenture’s Retail & Consumer Goods practice.
| Organization | Position | Status |
|---|---|---|
| Ross Stores, Inc. | CIO & Senior Vice President | Current |
Ms. Rentler has served as Executive Vice President, Merchandising, with responsibility for all Apparel and Related Products at Ross Dress for Less since December 2006. She joined Ross in February 1986 and most recently served as Executive Vice President and Chief Merchandise Officer of dd’s DISCOUNTS® from February 2005 to December 2006. Previously she was Senior Vice President and Chief Merchandising Officer of dd's DISCOUNTS from January 2004 to February 2005 and Senior Vice President and General Merchandise Manager at Ross Dress for Less from February 2001 to January 2004. She also served as Vice President and Group Divisional Merchandise Manager from March 1999 to February 2001. Prior to that, she held various merchandising positions with the Company.
| Organization | Position | Status |
|---|---|---|
| Ross Stores, Inc. | Executive Vice President, Merchandising | Current |
| Ross Stores, Inc. | Chief Merchandise Officer | Former |
| Ross Stores, Inc. | Senior Management Positions | Former |
Mr. Fassio has served as Executive Vice President, Property Development, Construction and Store Design since February 2005. Since March 1991 he has served as Senior Vice President, Property Development, Construction and Store Design. He joined the Company in June 1988 as Vice President of Real Estate. Prior to joining Ross, Mr. Fassio was Vice President, Real Estate and Construction at Craftmart and Property Director of Safeway Stores.
| Organization | Position | Status |
|---|---|---|
| Ross Stores, Inc. | Executive Vice President, Property Development, Construction and Store Design | Current |
| Craftmart | Vice President, Real Estate and Construction | Former |
| Safeway Stores Inc | Property Director | Former |
Ms. Panattoni joined Ross in January 2005 as Senior Vice President and General Merchandise Manager, Home. In December 2006, she was given additional responsibility for Home at both Ross Dress for Less and dd’s DISCOUNTS®. Prior to joining Ross, Ms. Panattoni was with The TJX Companies, most recently serving as Senior Vice President of Merchandising and Marketing for HomeGoods since 1998 and as Divisional Merchandise Manager of the Marmaxx Home Store from 1994 to 1998.
| Organization | Position | Status |
|---|---|---|
| Ross Stores, Inc. | Executive Vice President, Merchandising | Current |
| The TJX Companies, Inc. | Senior Vice President of Merchandising and Marketing | Former |
| Ross Stores, Inc. | General Merchandise Manager | Former |
Mr. Roth has served as Senior Vice President, Merchandise Control since December 2004. He joined Ross in March 1992 as Vice President, Merchandise Control. Prior to Ross, he was the Director of Inventory Management at Amcena, a retail holding company and also had prior experience as the Vice President, Merchandise Planning and Distribution at Ohrbach’s.
| Organization | Position | Status |
|---|---|---|
| Ross Stores, Inc. | Senior Vice President, Merchandise Control | Current |
Mr. Matteo has served as Senior Vice President and General Merchandise Manager since August 2003. Mr. Matteo joined the Company in 1997 as Vice President and Divisional Merchandise Manager. Prior to joining Ross, Mr. Matteo served as Senior Vice President and General Merchandise Manager at Frederick Atkins and Macy’s.
| Organization | Position | Status |
|---|---|---|
| Ross Stores, Inc. | Senior Vice President | Current |
| Ross Stores, Inc. | General Merchandise Manager | Current |
Ms. Marvin joined the Company in April 2005 as Senior Vice President, Human Resources. Prior to joining the Company, Ms. Marvin served as Executive Vice President, Human Resources for AT&T Wireless from 2001 to 2005 and Covad Communications from 1999 to 2001. She also has prior human resource management experience at Ameritech, Pepsi-Cola Company, and Data General Corporation.
| Organization | Position | Status |
|---|---|---|
| Ross Stores, Inc. | Senior Vice President, Human Resources | Current |
| Covad Communications Company | Executive Vice President, Human Resources | Former |
| Pepsi-Cola | Human Resource Management Positions | Former |
| Data General Corporation | Human Resource Management Positions | Former |
Mr. Caruana has served as Senior Vice President, Strategy, Marketing, Store Planning and Allocation since November 2006. He joined Ross in June 2005 as Senior Vice President, Strategy. From 1999 to 2005, Ken worked with Bain & Company in London, New York and San Francisco providing consulting advice to retail, consumer goods, telecommunications, and private equity clients. Previously, he was an attorney working with corporate clients in London and Hong Kong.
| Organization | Position | Status |
|---|---|---|
| Ross Stores, Inc. | Senior Vice President, Strategy, Marketing, Store Planning & Allocation | Current |
Mr. LeHocky has served as Senior Vice President, General Counsel and Corporate Secretary since February 2009. He joined Ross in June 2007 as Senior Vice President and General Counsel. From 2000 to 2007, Mr. LeHocky was Vice President and General Counsel for Dreyer’s Ice Cream, Inc. Prior to Dreyer’s, he was a principal in the San Francisco law firm of Freeland Cooper LeHocky & Hamburg.
| Organization | Position | Status |
|---|---|---|
| Ross Stores, Inc. | Senior Vice President and General Counsel | Current |
| Dreyer's Grand Ice Cream Holdings, Inc. | General Counsel, Vice President & Secretary | Former |
Prior to joining Ross in October 2006 as Senior Vice President of Stores, Ms. Walter served as Vice President of Store Operations, Communications and Field Visual for Old Navy from 2004 to 2006, where she had responsibility for store operations business planning and execution for over 850 stores. Prior to Old Navy, she spent 11 years with Target Corporation most recently as Vice President of Store Support for all Target locations. Ms. Walter started her 16-year retail career with Macy’s and has extensive leadership experience in field and regional management as well as corporate operational support.
| Organization | Position | Status |
|---|---|---|
| Ross Stores, Inc. | Senior Vice President, Stores | Current |
Mr. Wilson currently serves as Senior Vice President, Supply Chain. He rejoined Ross in February 2005 as Senior Vice President, Distribution and Transportation. Previously, he served in this same position from May 1999 through September 2003. From July 1996 to May 1999 he was President of Distribution and Fulfillment Services, Inc., a division of the Spiegel Group. From October 1991 to July 1996, he also served in various distribution management positions with the Spiegel Group. Prior to 1991, he held the position of Division Vice President/Merchandise Processing for Rich’s Department Stores. His career also includes various operating positions within the transportation, third party distribution and retail distribution industries, with companies that included McLean Trucking, Ivey’s Department Stores and Distribution Marking Services, Inc.
| Organization | Position | Status |
|---|---|---|
| Ross Stores, Inc. | Senior Vice President, Distribution and Transportation | Current |
| Distribution & Marking Services, Inc. | Operating Positions | Former |
| The Spiegel Group | Distribution Management Positions | Former |
Mr. Bernard has served as Senior Vice President and General Merchandise Manager since August 2006. Prior to his current position, he worked 27 years for O’Neil’s, G. Fox, Filene’s and Hecht’s, all divisions of Federated/May Department Stores, in several Home and Apparel merchandise areas.
| Organization | Position | Status |
|---|---|---|
| Ross Stores, Inc. | Senior Vice President | Current |
| Ross Stores, Inc. | General Merchandise Manager | Current |
| Organization | Position | Status |
|---|---|---|
| Ross Stores, Inc. | Vice President, Investor Relations | Current |
Mr. Brautigan has served as Senior Vice President and General Merchandise Manager with responsibility for Accessories, Jewelry, Shoes and Hosiery at Ross Dress For Less since December 2006. He joined Ross in 2003 as Vice President of Shoes and was promoted to Group Vice President of Shoes in 2005. Prior to joining the Company, Mr. Brautigan spent 20 years at Macy’s East, where he held various merchandise management positions overseeing a wide range of product categories including Women’s Shoes, Accessories, Hosiery, Watches, Men’s and Children’s.
| Organization | Position | Status |
|---|---|---|
| Ross Stores, Inc. | Senior Vice President and General Merchandise Manager | Current |
Mr. Baker has served as Senior Vice President, General Merchandise Manager of dd's Discounts with responsibility for all Apparel and Related Products since December 2006. From December 2003 to December 2006, he was Senior Vice President, General Merchandise Manager directing all Ready-to-Wear businesses at dd’s DISCOUNTS. Doug joined Ross in November of 1995 and was a Vice President Divisional Merchandise Manager of Juniors, Women's World, Plus Size Sportswear, Coats and Maternity. Prior to joining Ross, Doug worked for Value City Department Stores from 1984 to 1995. His prior retail experience includes Marshall's and Hill Department Stores.
| Organization | Position | Status |
|---|---|---|
| Ross Stores, Inc. | Senior Vice President and General Merchandise Manager, dd's DISCOUNTS | Current |
| Ross Stores, Inc. | Vice President Divisional Merchandise Manager | Former |
Jennifer Williams, 39, has been named Senior Vice President and General Merchandise Manager with responsibility for Shoes, Lingerie and Children's. She has been with Ross since 1997 and most recently served as Group Vice President and Divisional Merchandise Manager.
| Organization | Position | Status |
|---|---|---|
| Ross Stores, Inc. | Senior Vice President & General Manager, Mdse | Current |
| Organization | Position | Status |
|---|---|---|
| Ross Stores, Inc. | Senior Vice President and General Merchandise Manager | Current |
Consultant to the Company since September 1996. Chairman of the Board since March 1993; Chief Executive Officer of the Company from March 1993 through August 1996; President and Chief Executive Officer from January 1988 to March 1993; President and Chief Operating Officer from February 1987 to January 1988. Prior to February 1987, Mr. Ferber was Executive Vice President, Merchandising, Marketing, and Distribution of the Company.
| Organization | Position | Status |
|---|---|---|
| Ross Stores, Inc. | Chairman | Current |
| Ross Stores, Inc. | CEO | Former |
| Ross Stores, Inc. | President | Former |
| Ross Stores, Inc. | Coo | Former |
| Ross Stores, Inc. | Executive Vice President, Merchandising, Marketing, and Distribution | Former |
| Ross Stores, Inc. | Consultant | Former |
| Ross Stores, Inc. | Board of Directors | Former |
| Organization | Position | Status |
|---|---|---|
| Gymboree Corporation | Chairman Emeritus | Current |
| Ross Stores, Inc. | Chairman Emeritus | Current |
| Gymboree Corporation | CEO | Former |
| U.S. Venture Partners | General Partner | Former |
| Ross Stores, Inc. | Board Director | Former |
| Organization | Position | Status |
|---|---|---|
| Seiler & Company, Llp | Founder | Current |
| Campus for Jewish Life | Consultant | Current |
| Greater Bay Bancorp | Board Director | Current |
| Ross Stores, Inc. | Board of Directors | Current |
| Campus for Jewish Life | Secretary | Current |
| American Institute of Certified Public Accountants | Member | Current |
| Seiler & Company, Llp | Managing Partner | Former |
| University of California, Berkeley | Officer | Former |
| University of California, Berkeley | Director | Former |
Managing Partner of Orban Partners, a private investment Company, since May 1984. Chairman of the Board of Egghead.com, Inc. from January 1997 to August 2001, and Chief Executive Officer from January 1997 to November 1999.
| Organization | Position | Status |
|---|---|---|
| Ross Stores, Inc. | Board of Directors | Current |
| Home Comfort Zones, Inc. | Board of Directors | Current |
| Egghead Com, Inc. | Board Chairman | Former |
Array
| Organization | Position | Status |
|---|---|---|
| Sverica International | Managing Director | Current |
| Sverica International | Co-Founder | Current |
| Ross Stores, Inc. | Board of Directors | Current |
| Stanford University | Degree | Former |
| Gorilla Companies, LLC | Board of Directors | Current |
| McKinsey & Company, Inc. | Consultant | Former |
| Stockholm School of Economics | BA Degree In Economics | Former |
| Organization | Position | Status |
|---|---|---|
| Clark Sustainable Resource Developments Ltd. | CEO | Current |
| Sverica International | Current | |
| Vintrust LLC | Current | |
| East Bay Community Foundation | Vice Chair of The Foundation | Current |
| Ross Stores, Inc. | Board of Directors | Current |
| Tetra Tech, Inc. | CEO | Former |
| Whalen & Company | Chief Operating Officer | Former |
| Bain & Company | Consultant | Former |
| Stanford University | MBA | Former |
| Stanford University | BS In Industrial Engineering | Former |
| Ross Stores, Inc. | member | Former |
Senior Vice President, Reimbursement Services, American Medical Response, since 2007; Executive Vice President, PacifiCare Health Systems from 2002 to 2006; Chief Executive Officer of Zyan Communications from April 2000 to November 2000. Senior Vice President and Chief Information Officer of The Walt Disney Company from 1989 to 2000. From 1986 to 1989, Deputy Director of UCLA Medical Center. Chief Operating Officer – U.S. Operations for Porton International from 1984 to 1986.
| Organization | Position | Status |
|---|---|---|
| Ross Stores, Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Jafco America Ventures, Inc. | Managing General Partner | Current |
| Encompass, LLC | Advisor | Current |
| Microtune, Inc. | Advisor | Current |
| Gymboree Corporation | Advisor | Current |
| Ross Stores, Inc. | investor | Current |
| Micro Linear Corporation | investor | Current |
| Sun Microsystems, Inc. | investor | Current |
Executive News
-
Discount Retailer Rings The Register As Shoppers Seek Bargains
-
Discount Retailer Rings The Register As Shoppers Seek Bargains
-
Todays Zacks Rank Momentum Buy: Ross Stores Inc.
-
Ross Stores (ROST) Reports May Same Store Sales Gain of 4%
-
Ross sales jump 10% in May
-
Ross Stores Reports May Same Store Sales Gain of 4%
Industry Transcripts by Seeking Alpha
-
Rite Aid Corporation F1Q10 (Qtr End 05/30/09) Earnings Call Transcript
on Jun 24, 2009about RAD
-
Walgreens F3Q09 (Qtr End 5/31/09) Earnings Call Transcript
on Jun 22, 2009about WAG
-
Best Buy F1Q10 (Qtr End 5/30/09) Earnings Call Transcript
on Jun 16, 2009about BBY
-
Casual Male Retail Group Inc FQ12009 (Qtr. End 03/31/09) Earnings Call Transcript
on Jun 08, 2009about CMRG
-
Williams-Sonoma F1Q09 (Qtr End 5/3/09) Earnings Call Transcript
on Jun 03, 2009about WSM
