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Breaking down the growth drivers reveals the real story: Store count expansion from roughly 1,546 locations in 2019 to over 1,950 by late 2024a measured pace that avoids oversaturation Comparable store sales growth averaging 2-4% annually in normal years, with notable strength in 2021-2022 as consumers shifted spending back to apparel and home goods Average transaction values increased as Ross successfully passed through selective price increases while maintaining the discount positioning Market share gains from department stores and specialty retailers struggling with inventory management Operating Margin Strength Ross stock benefits from some of the healthiest margins in retail

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[38] Women also had riding habits which consisted of the petticoat, jacket and a waistcoat

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