| Business Summary | | Ross
Stores,
Inc.
operates
a
chain
of
off-price
retail
apparel
and
home
accessories
stores
that
target
value-conscious
men
and
women
between
the
ages
of
25
and
54,
in
middle-
to
upper-middle-income
households.
The
Company
offers
brand
name
and
designer
merchandise
at
prices
generally
20%
to
60%
below
regular
prices
of
most
department
and
specialty
stores.
As
of
February
3,
2001,
the
Company
operated
409
stores.
They
are
located
in
predominantly
community
and
neighborhood
strip
shopping
centers
in
heavily
populated
urban
and
suburban
areas. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | ROST
operates
a
national
chain
of
off-price
retail
apparel
and
home
accessories
stores
whose
products
include
in-season
branded
apparel,
shoes,
fragrances,
gift
items
for
the
home,
and
bed
and
bath
accessories.
For
the
six
months
ended
8/4/01,
sales
rose
8%
to
$1.40
billion.
Net
income
fell
9%
to
$70
million.
Revenues
reflect
an
increase
in
the
number
of
stores
in
operation.
Earnings
were
offset
by
lower
gross
margins
and
higher
store
payroll
and
distribution
expenses. | More
from
Market Guide: Significant
Developments |
| | | | FY2001
Compensation | | Pay | Exer | |
| Norman Ferber, 52 Chairman | -- | -- | James Peters, 39 Pres,
COO, Director | $10.8M | -- | Michael Balmuth, 50 Vice
Chairman and CEO | 1.2M | $220K | John Call, 42 CFO,
Sr. VP, Sec. | -- | -- | Mark Askanas, 40 Sr.
VP of HR, Gen. Counsel | -- | -- | Dollar
amounts are as of 3-Feb-2001 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|