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Ross Stores SWOT & PESTLE Analysis

ID : 52746853| Oct 2020| 12 pages

COMPANY PROFILE -Ross Stores

Business Sector :Retail

Operating Geography :United States, North America

About Ross Stores :

Ross Stores Inc., in association with its subsidiaries, operates off-retail garments and home fashion stores under the Ross Dress for Less and dd’s DISCOUNTS brands. Ross Stores primarily engages in the manufacture of apparel, accessories, and home fashions. The company’s Ross Dress for Less stores sells its products at departmental stores, targeting average income households while dd’s DISCOUNTS promotes its products at discounted stores, offering regular prices to customers with moderate income. As of early 2020, it operates almost 1,831 off-price retail stores in over 39 states with approximately 92500 employees. Ross retail chain found its roots in 1950s, when the first Ross retail store was inaugurated by Morris Ross. Headquartered in Dublin, California, the Company focuses on a “constant stream of high-quality department and specialty store brands” at unbelievable bargains. Ross stores are immensely invested in the evolution of sustainability by implementing various practices into its operation. Ross is also committed to helping children through its partnerships with the Boys & Girls Clubs of America (BGCA).

Ross Stores unique selling proposition or USP lies in being the largest off-price apparel and home fashion chain in the United States. Its mission statement reads, “In addition to fulfilling our mission of offering customers the best name-brand bargains possible, we aim to empower our Associates, operate in ways that reduce our environmental impact, and give back to the communities where we conduct business.”

Ross Stores Revenue :


$16.04 billion– FY ended on Feb 1st 2020
$14.98 billion- FY ended on Feb 2nd 2019

Competitive Analysis of Ross Stores

SWOT
PESTLE
The SWOT analysis for Ross Stores is presented below in a table followed by the detailed analysis report.
StrengthsWeaknesses
1. Largest off-price apparel and home fashion chain in the United States
2. Consistently low pricing and higher value
3. Competitive advantage obtained through opportunistic purchases
4. Improved financial performance over years
5. Broad range of offerings
6. Offering a discovery-based 'treasure hunt' experience
1. Additional debt to fight COVID-19 pandemic may impact credit ratings
2. No online presence to impact sales with consumer shift to e-commerce
3. Lack of full national coverage across the United States
OpportunitiesThreats
1. Expansion into newer and existing markets
2. Economic slowdown to drive customers to off-price stores
1. Highly fragmented and competitive retail industry
2. Adverse effect of Covid-19 on sales and operations
SWOT & PESTLE (combined)
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Detailed SWOT Analysis of Ross Stores

Strength

1. Largest off-price apparel and home fashion chain in the United States: Ross is the largest off-price apparel and home fashion chain in the United States operating in 1546 locations in 39 states. It has great offerings which include first-quality, in-season, name brand and designer apparel, accessories, footwear and home fashions. Its offerings are for the entire family which would save around 20 to 60% from its off department and specialty store regular prices every day and 20% to 70% below moderate department and discount store regular prices at dd’s DISCOUNTS. Through the dd’s DISCOUNTS stores, it operates in 19 states with around 259 stores which feature more moderately-priced high-quality offerings. Both Ross and dd’s DISCOUNTS target value-conscious people and hence the decisions of these stores are based on the customer profiles. The stores have showed consistent growth in sales and EBIT over years. Owing to the wide variety of styles and fashion available in the stores, it attracts a huge customer base. Also, the significant discounts available provide great savings to these customers and help retaining them.

The remaining section of “Strength” is available only in the 'Complete Report' on purchase.

Weakness

This section is available only in the 'Complete Report' on purchase.

Opportunity

This section is available only in the 'Complete Report' on purchase.

Threats

This section is available only in the 'Complete Report' on purchase.

Major Competitors :

  • TJX
  • Macy’s
  • Kohl’s
  • Burlington
  • Dillard’s
  • Target
  • PVH
  • 99 cents only

Major Brands :

  • Ross Dress for Less. Inc
  • Ross Procurement, Inc
  • Ross Merchandising Inc
  • Retail Assurance Group Ltd
SWOT & PESTLE (combined)
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Check Out Analysis of Other Relevant Companies

TABLE OF CONTENTS
DELIVERY AND FORMAT
WHY CHOOSE US?
References used in Ross Stores Analysis Report

1. Need Of the Hour: Disruptive Technologies And Innovations In the Retail Sector - https://www.entrepreneur.com/article/349626
2. Ross Stores, Inc.2019 Annual Report - https://investors.rossstores.com/static-files/bae67011-9564-4a24-8a95-be41d292ce9b
3. We visited Ross and saw why its messy stores haven't prevented the discount chain from thriving - https://www.businessinsider.in/slideshows/miscellaneous/we-visited-ross-and-saw-why-its-messy-stores-havent- prevented-the-discount-chain-from-thriving/slidelist/73110485.cms
4. Trade war to hit high-end US fashion brands dependent on specialised Chinese manufacturing - https://www.scmp.com/economy/global-economy/article/3010352/trade-war-hit-high-end-us-fashion-brands-dependent
The detailed complete set of references are available on request in the 'Complete report' on purchase.

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Ross Stores SWOT & PESTLE Analysis - SWOT & PESTLE.COM

SWOT & PESTLE.com (2020). Ross Stores SWOT & PESTLE Analysis - SWOT & PESTLE.com. [online] Available at: https://www.swotandpestle.com/ross-stores/ [Accessed 27 Nov, 2020].

In-text: (SWOT & PESTLE.com, 2020)

Copyrights and Disclaimer

Ross Stores SWOT & PESTLE analysis has been conducted by Sushree Lasyamayee and reviewed by senior analysts from Barakaat Consulting.

Copyright of Ross Stores SWOT and PESTLE Analysis is the property of Barakaat Consulting. Please refer to the Terms and Conditions and Disclaimer for usage guidelines.

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Ross Stores SWOT & PESTLE Analysis
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