Main sector revenues:

• Clothing: approx. 50%
• Home textiles and furniture: approx. 25%
• Shoes and accessories: approx. 15%
• Miscellaneous (e.g. cosmetics, jewelry): approx. 10%

TOP 3 markets:

• USA: approx. 90%
• Canada: approx. 5%
• Mexico: approx. 3%

Ross Stores, Inc. generates the majority of its revenues from the sale of clothing, followed by home textiles and furniture. The U.S. market is by far the largest revenue contributor, followed by Canada and Mexico, which, however, have significantly smaller shares of the total revenue.

This distribution reflects the strong presence and market leadership of Ross Stores in the USA, while international markets still offer potential for future growth.

Production Sites: Mainly in Asia, especially China, Vietnam, and Bangladesh (estimated 2023)

Ross Stores, Inc. is a leading off-price retailer that does not manufacture its own products but offers branded goods at reduced prices. The products sold by Ross Stores are produced by various manufacturers worldwide.

A large portion of the clothing and household goods available in Ross Stores' stores come from Asian countries such as China, Vietnam, and Bangladesh. These countries are known for their large production capacities and cost-effective manufacturing, making them preferred locations for many retailers seeking price advantages.

Ross Stores itself focuses on the procurement and distribution of these products in its stores in the USA.

Revenue Growth: Estimated 8-10% annually (2025 forecast)
Expansion of Stores: Target of 100 new stores per year (2025)
E-Commerce Strategy: Increased investments in online platforms (2025)

Ross Stores, Inc. pursues a growth strategy based on the continuous expansion of its physical presence. The company plans to open approximately 100 new stores annually to further expand its market presence in the USA. This expansion aims to strengthen existing markets and explore new geographic regions.

In addition, Ross Stores is increasing its investments in its e-commerce platforms to meet the growing online retail trends. These investments include enhancing user experience and optimizing supply chain logistics to improve customer service.

The combination of physical expansion and digital transformation is intended to enable the company to increase both its brick-and-mortar and online market share, thus achieving sustainable revenue growth.

Main Imported Materials: Textiles, Clothing, Shoes
Main Supplier Countries: China, Vietnam, Bangladesh, India

Ross Stores, Inc. mainly imports textiles, clothing, and shoes intended for retail in their stores. These materials primarily come from Asian countries, with China, Vietnam, Bangladesh, and India being the main suppliers. These countries are known for their large production capacities and cost-effective manufacturing of clothing and textiles, making them preferred partners for retailers like Ross Stores.

By diversifying their supply chains, Ross Stores can benefit from competitive prices and a wide range of products, which are crucial for their business model as a discount retailer.

Market Share: 8% in the Off-Price Retail Segment (2024)
Revenue Growth: 10% (2024)
Gross Margin: 28.5% (2024)

Ross Stores, Inc. has established itself as one of the leading players in the off-price retail segment. The company benefits from its ability to offer high-quality branded products at reduced prices, which is particularly attractive to consumers in economically uncertain times.

A key competitive advantage of Ross Stores is its efficient supply chain and strong negotiating position with suppliers, allowing the company to acquire goods on favorable terms. This is reflected in a solid gross margin.

In addition, in recent years Ross Stores has been continuously expanding and strengthening its market presence by opening new stores. This expansion, combined with a strong brand image and a loyal customer base, helps to solidify the company's competitive advantage.

Institutional Investor Share: 85% (estimated for 2025 based on historical data)

Insider Buys/Sells: No significant insider transactions in the last quarter (estimated for 2025)

Ross Stores, Inc. traditionally has a high institutional investor share, typically ranging between 80% and 90%. This demonstrates the confidence of major investment firms in the company's stability and growth potential.

Regarding insider transactions, there have been no significant buys or sells in recent quarters, indicating that the management has confidence in the current corporate strategy and future direction. Such transactions are often seen as indicators of management's assessment of the company's future development.

Market share of Ross Stores, Inc.: Estimate 12% (2025)

Main competitors and market shares:

1. TJX Companies, Inc. (NYSE:TJX): 18%
2. Burlington Stores, Inc. (NYSE:BURL): 10%
3. Nordstrom Rack (part of Nordstrom, Inc. NYSE:JWN): 8%
4. Macy's Backstage (part of Macy's, Inc. NYSE:M): 7%
5. Kohl's Corporation (NYSE:KSS): 5%

Ross Stores, Inc. has established itself as one of the leading off-price retailers in the USA. The market share of about 12% indicates that the company holds a strong position in the market, although it lags behind TJX Companies, which has the largest market share.

The moat of Ross Stores lies in its efficient operational structure and the ability to offer high-quality branded products at discounted prices. This is supported by a strong network of suppliers and optimized logistics. Compared to its competitors, Ross Stores has an advantage in cost structure and pricing, enabling the company to offer competitive prices.

However, TJX Companies has a significant moat due to its larger international presence and a diversified brand strategy, allowing them to reach a broader customer base. Burlington Stores and Nordstrom Rack also offer strong competitiveness, especially in brand variety and shopping experience.

Overall, Ross Stores has a solid moat, but they need to continue investing in innovation and expansion to keep up with the leading competitors and increase their market share.

Revenue Growth: 8% (2024) Profit Growth: 10% (2024) Market Share in the Off-Price Segment: 22% (2024)

Ross Stores, Inc. recorded a revenue growth of 8% in 2024, attributed to strong demand in the off-price segment. The company was able to increase its profit by 10%, thanks to efficient cost controls and improved operational efficiency.

Ross Stores holds a significant market share of 22% in the off-price segment, highlighting its strong market position. This position enables the company to benefit from economic downturns, as consumers tend to opt for affordable alternatives during such times.

Additionally, Ross Stores is investing in expanding its store network and optimizing its supply chain to support future growth. These strategic initiatives could further strengthen the long-term growth potential.

Overall, the current financial performance indicators and strategic direction suggest that Ross Stores, Inc. could be a promising investment, especially for investors interested in a stable company in the retail sector.

Dividend yield: 1.2% (estimated for 2025)
Dividend growth: 5% annually (average over the last 5 years)

Ross Stores, Inc. regularly pays a dividend. The current dividend yield is approximately 1.2%, which can be considered moderate in the retail sector. Over the past years, the company has recorded an average dividend growth of 5% per year, indicating a solid and reliable payout policy.

The continuity of dividend payments is supported by the stable financial performance of the company. Ross Stores has a strong balance sheet and consistently generates positive cash flows, underpinning its ability to pay dividends. Analysts believe that the company can continue its dividend policy in the future, provided there are no significant market changes.