The United States is 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 27th
, 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
.
The might of Ross Stores
In the financial year 2023, which ended February 3, 2024,
Ross Stores made sales of 20.4 billion U.S. dollars, the highest figure in their history recorded. 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 45 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 2024, there were a total of
1,764 Ross Dress for Less stores and almost 350 dd’s DISCOUNTS. This significant presence does not go unnoticed, as 77 percent of fashion
shoppers in the U.S. were aware of Ross Dress for Less in 2023.
TJX Companies
Ross Stores’ most direct competitor is TJX companies, which are 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,
Ross Stores’ competitors made worldwide sales of approximately 50 billion dollars,
over three-quarters of which were generated in the United States.
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