Outlet profile

Ross Stores

N/A — retail company, not a news outlet

Owned byPublicly traded on NASDAQ (ticker: ROST); no controlling parent company. Largest institutional shareholders as of 2026 are Vanguard Group (~12%) and BlackRock (~7.5%).

FundingRetail sales revenue from company-operated stores. Fiscal 2025 revenues of approximately $22.8 billion. No advertising, subscriptions, or state funding — funded entirely by consumer purchases.

On the administrationN/A — Ross Stores is a retailer and does not produce news coverage or editorial content about the administration.

Background

Morris 'Morrie' Ross opened the first Ross Department Store in San Bruno, California in 1950 as a conventional department store. The company was restructured in the early 1980s and pivoted to the off-price retail model — buying closeout, excess, and last-season inventory at deep discounts and reselling it to consumers. Ross went public on NASDAQ in August 1985 under the ticker ROST, using the capital to fund national expansion. Under longtime CEO Michael Balmuth, who led the company for nearly three decades, Ross grew into the largest off-price apparel and home fashion chain in the United States, with over 1,950 Ross Dress for Less locations in 44 states. The company also operates dd's DISCOUNTS, a sister banner targeting more budget-conscious shoppers, with over 370 stores. As of February 2026, K. Gunnar Bjorklund became Chairman of the Board, and James (Jim) G. Conroy, CEO since early 2025, has continued an aggressive physical store expansion strategy. Ross is an S&P 500, Fortune 500, and Nasdaq 100 company with no known political controversies or editorial record.

Sources

Profile compiled 2026-09-19; refreshed when ownership, funding, or the administration changes.

← Back to track record