ROSS STORES DONATES $400,000 TO AMERICAN RED CROSS DISASTER RELIEF IN RESPONSE TO HURRICANE HELENE

Rhea-AI Summary

Ross Stores, Inc. (Nasdaq: ROST) has announced a $400,000 donation from the Ross Stores Foundation to American Red Cross Disaster Relief in response to Hurricane Helene. The funds will support various disaster relief efforts, including shelter, food, and emergency supplies. Additionally, Ross is accepting customer donations at 477 store locations across six states from October 7th to 20th.

CEO Barbara Rentler expressed the company's commitment to supporting local communities during times of need. Ross Stores, an S&P 500, Fortune 500, and Nasdaq 100 company, reported fiscal 2023 revenues of $20.4 billion. As of August 3, 2024, the company operates 1,795 Ross Dress for Less® locations in 43 states and 353 dd's DISCOUNTS® stores in 22 states, offering discounted apparel and home fashions.

Positive

• Donation of $400,000 to American Red Cross Disaster Relief, demonstrating corporate social responsibility
• Customer donation initiative at 477 store locations, potentially increasing foot traffic
• Fiscal 2023 revenues of $20.4 billion
• Extensive retail presence with 1,795 Ross Dress for Less® locations and 353 dd's DISCOUNTS® stores

Negative

• None.

Dublin, California, October 4, 2024 – Ross Stores, Inc. (Nasdaq: ROST) announced today that the Ross Stores Foundation is making a $400,000 cash donation to American Red Cross Disaster Relief. These funds will help provide shelter, food, emergency supplies, and services for people affected by disasters across the country, including storms, fires, and countless other crises, including Hurricane Helene. The Company is also raising additional funds specifically to help those affected by Hurricane Helene by accepting customer donations to the Red Cross from October 7^th through October 20^th at the store registers of its 412 Ross Dress for Less^® and 65 dd's DISCOUNTS^® locations across Alabama, Florida, Georgia, North Carolina, South Carolina, and Tennessee. Individuals can also choose to make secure online donations to the Red Cross at www.redcross.org.

Barbara Rentler, Chief Executive Officer, commented, "We are deeply saddened by the devastation left behind by Hurricane Helene and are committed to supporting our local communities where we operate, especially during times of need. Our heartfelt thoughts and condolences go out to all those who have been impacted."

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 1,795 locations in 43 states, the District of Columbia, and Guam as of August 3, 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 353 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

/PRNewswire -- Oct. 4, 2024/

SOURCE Ross Stores, Inc.

FAQ

How much did Ross Stores (ROST) donate for Hurricane Helene relief?

Ross Stores (ROST) donated $400,000 to American Red Cross Disaster Relief in response to Hurricane Helene and other disasters.

When can customers donate to Hurricane Helene relief at Ross Stores (ROST)?

Customers can donate to Hurricane Helene relief at Ross Stores (ROST) registers from October 7th through October 20th, 2024.

How many Ross Dress for Less® stores does Ross Stores (ROST) operate as of August 3, 2024?

As of August 3, 2024, Ross Stores (ROST) operates 1,795 Ross Dress for Less® locations in 43 states, the District of Columbia, and Guam.

What were Ross Stores' (ROST) fiscal 2023 revenues?

Ross Stores (ROST) reported fiscal 2023 revenues of $20.4 billion.