Ross is the largest off-price apparel and home fashion chain in the United States, with 1,409 locations in 37 states, the District of Columbia, and Guam, as of February 3, 2018. Ross offers first-quality, in-season, name brand and designer apparel, accessories, footwear, and home fashions for the entire family at savings of 20% to 60% off department and specialty store regular prices every day. Ross’ target customers are primarily from middle income households.
They also operate 213 dd’s DISCOUNTS stores in 16 states as of February 3, 2018. dd’s DISCOUNTS features more moderately-priced first-quality, in-season, name brand apparel, accessories, footwear, and home fashions for the entire family at savings of 20% to 70% off moderate department and discount store regular prices every day. The typical dd’s DISCOUNTS store is located in an established shopping center in a densely populated urban or suburban neighborhood and its target customers typically come from households with more moderate incomes than Ross customers.
The Company generated $1.3billion , $1.2 billion and $1 billion Free cash flow for last three fiscal years (2018, 2017 and 2016 respectively) while employing less than $3billion in Equity. Thus having a ROE of greater than 30%. Its working capital is negetive or zero, this means that its vendors are practically paying them to sell their products (a sign of a great retailer)
