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ROSS STORES (ROST)

Ross Stores, Inc. is the largest off-price apparel and home fashion chain in the United States, operating under the brands Ross Dress for Less and dd’s DISCOUNTS. The company offers first-quality, in-season, name brand and designer apparel, accessories, footwear, and home fashions for the entire family at significant savings off regular prices . As of February 3, 2024, Ross had 1,764 locations across 43 states, the District of Columbia, and Guam, while dd’s DISCOUNTS had 345 stores in 22 states, providing a more moderately-priced assortment . Ross Stores targets value-conscious customers, with Ross focusing on middle-income households and dd’s DISCOUNTS targeting households with more moderate incomes .

  1. Home Accents and Bed and Bath - Offers a wide range of home décor items and essentials for the bedroom and bathroom, catering to diverse tastes and styles.
  2. Ladies' Apparel - Provides a variety of fashionable clothing options for women, including casual, formal, and seasonal wear.
  3. Men's Apparel - Features a selection of men's clothing, from everyday casual wear to more formal attire.
  4. Accessories, Lingerie, Fine Jewelry, and Cosmetics - Includes a diverse array of accessories, intimate wear, jewelry, and beauty products to complement any outfit.
  5. Shoes - Offers footwear for all occasions, including casual, athletic, and formal styles for the entire family.
  6. Children's Apparel - Provides clothing options for children, ranging from infants to teenagers, with a focus on comfort and style.

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NamePositionExternal RolesShort Bio

Barbara Rentler

ExecutiveBoard

Chief Executive Officer

None

Barbara Rentler has been with Ross Stores since 1986, serving as CEO since 2014, and is known for her extensive merchandising experience.

Michael Balmuth

ExecutiveBoard

Executive Chairman

None

Michael Balmuth rejoined the Board as Executive Chairman in September 2023, having previously served in various leadership roles at Ross Stores since 1989.

Michael J. Hartshorn

ExecutiveBoard

Group President and Chief Operating Officer

None

Michael J. Hartshorn joined Ross Stores in 2000 and has held various financial and operational leadership roles, becoming Group President and COO in 2019.

Adam Orvos

Executive

Executive Vice President and Chief Financial Officer

None

Adam Orvos joined Ross Stores in 2021, previously holding senior financial roles at various companies, and became CFO in October 2021.

Connie Kao

Executive

Group Vice President, Investor Relations

None

Connie Kao is the Group Vice President of Investor Relations at Ross Stores, with no additional details available in the documents.

James G. Conroy

Executive

Chief Executive Officer

None

James G. Conroy became CEO of Ross Stores in February 2025, previously serving as CEO of Boot Barn Holdings, Inc., with a strong track record in retail management.

Karen Fleming

Executive

President and Chief Merchandising Officer, Ross Dress for Less

None

Karen Fleming joined Ross Stores in 1999 and has held various merchandising roles, becoming President and CMO of Ross Dress for Less in December 2024.

Karen Sykes

Executive

President and Chief Merchandising Officer, dd's DISCOUNTS

None

Karen Sykes joined Ross Stores in 1992, holding various merchandising roles, and became President and CMO of dd's DISCOUNTS in December 2024.

Michael Kobayashi

Executive

President and Chief Capability Officer

None

Michael Kobayashi has been with Ross Stores since 2004, focusing on operations, technology, and supply chain management.

Stephen Brinkley

Executive

President, Operations

None

Stephen Brinkley joined Ross Stores in 2023, overseeing Property Development, Stores, and Supply Chain operations, with over 25 years of retail experience.

Doniel N. Sutton

Board

Director

Chief People Officer, Pinterest, Inc.; Board Member at Morningstar, Inc.

Doniel N. Sutton joined the Board in 2021, with extensive experience in human resources leadership roles across various companies.

Edward G. Cannizzaro

Board

Director

Board Member at PG&E Corporation and Pacific Gas and Electric Company

Edward G. Cannizzaro joined the Board in 2022, bringing over 35 years of experience from KPMG, with expertise in accounting and regulatory compliance.

K. Gunnar Bjorklund

Board

Lead Independent Director

Chairman, Rev360 LLC

K. Gunnar Bjorklund has been a board member since 2003, with expertise in strategic planning and governance.

Michael J. Bush

Board

Director

Managing Member, B IV Investments, LLC

Michael J. Bush has been a Director since 2001, with experience in strategic planning and retail operations.

Patricia H. Mueller

Board

Director

None

Patricia H. Mueller joined the Board in 2020, with expertise in retail marketing and operational management.

Sharon D. Garrett

Board

Director

None

Sharon D. Garrett has been a Director since 2000, with expertise in information technology and cyber risk management.

Stephen D. Milligan

Board

Director

Board Member at Autodesk, Inc.

Stephen D. Milligan joined the Board in 2015, with extensive executive experience in technology and financial management.

  1. Given the ongoing challenges with retail theft and the expected deterioration in shrink from last year, what specific loss prevention initiatives are you implementing to hold shrink at bay, and how do you anticipate this will impact your margins moving forward?
  2. With increased wage pressures due to statutory increases and a tight labor market, how are you balancing the need to adjust wages to retain staff while managing overall wage inflation, and what is the anticipated impact on your operating expenses?
  3. As you continue to intensify your value offerings to gain market share in a highly promotional environment, how do you plan to maintain merchandise margins, especially considering the 80 basis point drop in merchandise margin and the expectation of increased pressure in the second half?
  4. Considering your strategy focuses on domestic growth with plans to expand to 2,900 Ross stores and 700 dd's DISCOUNTS, how do you address concerns about potential market saturation in the U.S., and what are your plans for growth once you reach these store counts?
  5. With the addition of new vendors and expansion of your vendor base, how are you ensuring that the quality of inventory remains high and aligns with customer expectations, and are the new vendor partnerships contributing to better mark-on rates for margins?

Research analysts who have asked questions during ROSS STORES earnings calls.

Aneesha Sherman

AllianceBernstein

6 questions for ROST

Also covers: , CPRI, LULU +5 more

Brooke Roach

Goldman Sachs Group, Inc.

6 questions for ROST

Also covers: , AS, BURL +22 more

Dana Telsey

Telsey Advisory Group

6 questions for ROST

Also covers: , AEO, AKA +43 more

Mark Altschwager

Robert W. Baird & Co.

6 questions for ROST

Also covers: BBWI, BIRK, BURL +11 more

Marni Shapiro

The Retail Tracker

6 questions for ROST

Also covers: AEO, ANF, BBWI +10 more

Matthew Boss

JPMorgan Chase & Co.

6 questions for ROST

Also covers: , AEO, ANF +37 more

Michael Binetti

Evercore ISI

6 questions for ROST

Also covers: , AS, BIRK +15 more

Charles Grom

Gordon Haskett Research Advisors

5 questions for ROST

Also covers: BJ, CASY, COST +13 more

Laura Champine

Loop Capital Markets LLC

5 questions for ROST

Also covers: BMBL, CAL, COST +7 more

Alexandra Straton

Morgan Stanley

4 questions for ROST

Also covers: AEO, ANF, BBWI +11 more

Corey Tarlowe

Jefferies

4 questions for ROST

Also covers: AEO, ANF, BOOT +14 more

John Kernan

Cowen Inc.

4 questions for ROST

Also covers: , AS, ASO +12 more

Paul Lejuez

Citigroup

4 questions for ROST

Also covers: , ACI, AEO +35 more

Adrienne Yih-Tennant

Barclays

3 questions for ROST

Also covers: AEO, BURL, CROX +12 more

Irwin Boruchow

Wells Fargo Securities

3 questions for ROST

Also covers: , BBWI, BURL +18 more

Jay Sole

UBS

3 questions for ROST

Also covers: , AEO, AS +26 more

Lorraine Hutchinson

Bank of America

3 questions for ROST

Also covers: AS, BBWI, BIRK +16 more

Lorraine Maikis

Bank of America

3 questions for ROST

Also covers: , AS, BBWI +9 more

Simeon Siegel

BMO Capital Markets

3 questions for ROST

Also covers: AEO, BBWI, BIRK +16 more

Alex Straton

Morgan Stanley

2 questions for ROST

Also covers: AEO, ANF, AS +11 more

Angus Kelleher-Ferguson

Barclays

2 questions for ROST

Also covers: AEO, CRCT, FIGS

Jessica Taylor

Deutsche Bank

2 questions for ROST

Juliana Duque

Wells Fargo & Company

2 questions for ROST

Also covers: HBI, SIG, ULTA

Tracy Kogan

Citigroup

2 questions for ROST

Also covers: COLM, JWN, KSS +4 more

Adrienne Yih

Barclays

1 question for ROST

Also covers: ANF, CROX, DECK +12 more

Ike Boruchow

Wells Fargo

1 question for ROST

Also covers: BBWI, BURL, CPRI +10 more

Krisztina Katai

Deutsche Bank AG

1 question for ROST

Also covers: BBWI, CASY, DLTR +7 more

Robert Drbul

Guggenheim Securities

1 question for ROST

Also covers: COLM, CPRI, CROX +13 more

Ryan Bulger

Gordon Haskett Research Advisors

1 question for ROST

Also covers: BJ, DLTR
Program DetailsProgram 1
Approval DateMarch 2024
End Date/DurationJanuary 31, 2026
Total additional amount$2.1 billion
Remaining authorization amount$1,312,520,000 as of November 2, 2024
DetailsEnhances stockholder value and returns, reflecting strong balance sheet and cash generation
YearAmount Due (Millions)Debt TypeInterest Rate (%)% of Total Debt
2025699.4 4.600% Senior Notes4.600 31.6% = (699.4 / 2,213.9) * 100
2026498.2 0.875% Senior Notes0.875 22.5% = (498.2 / 2,213.9) * 100
2027240.7 4.700% Senior Notes4.700 10.9% = (240.7 / 2,213.9) * 100
2030132.9 4.800% Senior Notes4.800 6.0% = (132.9 / 2,213.9) * 100
2031496.2 1.875% Senior Notes1.875 22.4% = (496.2 / 2,213.9) * 100
2050146.4 5.450% Senior Notes5.450 6.6% = (146.4 / 2,213.9) * 100
NameStart DateEnd DateReason for Change
Deloitte & Touche LLP1982 PresentCurrent auditor

No recent press releases or 8-K filings found for ROST.