ROSS STORES DONATES $850,000 FOR DISASTER RELIEF AND RECOVERY IN RESPONSE TO CALIFORNIA WILDFIRES

Rhea-AI Summary

Ross Stores (NASDAQ: ROST) has announced a donation of $850,000 to support disaster relief efforts for the California wildfires, partnering with organizations including the American Red Cross, United Way of Greater Los Angeles, and the Los Angeles Regional Food Bank. The company will also facilitate customer donations at its 188 Southern California stores from January 16th through January 26th.

Ross Stores maintains a significant presence in California with nearly 500 Ross Dress for Less and dd's DISCOUNTS locations, along with a major buying office in Los Angeles. The company operates a total of 1,836 Ross Dress for Less locations across 43 states and 356 dd's DISCOUNTS stores in 22 states, offering discounted apparel and home fashions at 20-60% and 20-70% off regular prices respectively. The company reported fiscal 2023 revenues of $20.4 billion.

Positive

• Strong retail presence with 1,836 Ross Dress for Less and 356 dd's DISCOUNTS locations
• Substantial fiscal 2023 revenue of $20.4 billion
• Extensive market penetration in California with nearly 500 stores

Negative

• None.

DUBLIN, Calif., Jan. 13, 2025 /PRNewswire/ -- Ross Stores, Inc. (Nasdaq: ROST) announced today that the Company has pledged $850,000 of donations to local and national organizations, including the American Red Cross, United Way of Greater Los Angeles, and the Los Angeles Regional Food Bank, providing disaster relief and recovery efforts associated with the devastating California wildfires. These funds will help provide shelter, food, emergency supplies, and rebuilding services for people affected by this ongoing disaster.

Barbara Rentler, Chief Executive Officer, commented, "We are committed to supporting our local communities, especially during times of need. We launched our off-price business in California about 43 years ago, and today it remains an important market for us with almost 500 Ross Dress for Less and dd's DISCOUNTS stores. In addition, we operate one of our major buying offices in Los Angeles, so this unfathomable disaster hits close to home. Our heartfelt thoughts and condolences go out to those who have suffered untold losses from these devastating wildfires."

The Company is also raising additional funds specifically to help those affected by the 2025 California wildfires by accepting customer donations to the Red Cross from January 16^th through January 26^th at the store registers of its 139 Ross Dress for Less and 49 dd's DISCOUNTS locations across Southern California. Individuals can also choose to make secure online donations to the Red Cross at www.redcross.org.

About Ross Stores:
Ross Stores, Inc. is an S&P 500, Fortune 500, and Nasdaq 100 (ROST) company headquartered in Dublin, California, with fiscal 2023 revenues of $20.4 billion. The Company operates Ross Dress for Less^® ("Ross"), the largest off-price apparel and home fashion chain in the United States with 1,836 locations in 43 states, the District of Columbia, and Guam as of November 2, 2024. 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. The Company also operates 356 dd's DISCOUNTS^® stores in 22 states that feature a more moderately-priced assortment of 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. Additional information is available at www.rossstores.com.

Contact:	Connie Kao
	Group Vice President, Investor & Media Relations
	(925) 965-4668
	connie.kao@ros.com

 

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SOURCE Ross Stores, Inc.

FAQ

How much did Ross Stores (ROST) donate for California wildfire relief in 2025?

Ross Stores donated $850,000 to various organizations including the American Red Cross, United Way of Greater Los Angeles, and the Los Angeles Regional Food Bank for California wildfire relief efforts.

What was Ross Stores (ROST) revenue for fiscal year 2023?

Ross Stores reported revenues of $20.4 billion for fiscal year 2023.

How many Ross Dress for Less stores does ROST operate as of 2024?

As of November 2, 2024, Ross Stores operates 1,836 Ross Dress for Less locations across 43 states, the District of Columbia, and Guam.

What is the discount range offered at Ross Dress for Less stores?

Ross Dress for Less offers savings of 20% to 60% off department and specialty store regular prices every day.

How many stores does Ross Stores (ROST) operate in California?

Ross Stores operates almost 500 Ross Dress for Less and dd's DISCOUNTS stores in California.