Investment Thesis
Ross Stores operates off-price retail chains Ross Dress for Less and dd’s DISCOUNTS. Treasure-hunt merchandising and lean cost structure deliver resilient comps and cash flow.
- Vendor Relationships: Buying opportunistically from department store overstocks.
- Value Proposition: 20-60% discounts vs. full-price retailers sustain traffic.
- Store Growth: Long runway to expand Ross/dd’s in new and existing markets.