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ROST » Topics » Comparative Framework

This excerpt taken from the ROST DEF 14A filed Apr 14, 2008.

Comparative Framework

A range of competitive and peer group information on executive compensation is reviewed by the Company and the Compensation Committee on a periodic basis. The peer companies chosen can vary for each of the executive positions.

In fiscal 2006 the Committee retained, an independent compensation consulting firm, Towers Perrin (the “Consultant”), to assist in its review of key elements of our executive compensation programs and to recommend any appropriate modifications. The Consultant provided market data advice to the Compensation Committee with respect to competitive practices and the amount and nature of compensation paid to executive officers at other companies operating in similar competitive environments. The Consultant collected data on a number of off-price, department store, discount store, specialty store, and apparel and home goods retailers that it believed had similar business models, competitive challenges and/or operating and financial characteristics when compared to the Company. The Consultant provided an assessment of competitive positioning for each of the Company’s executive officer compensation packages, including base salary, annual incentive target, long-term equity and total overall compensation vis-à-vis the level of compensation for executive officers performing similar job functions in companies in their relevant peer group. This analysis provided a reference point for fiscal 2007 discussions of compensation for our executive officers.

Although the Committee considers the compensation practices of peer companies, it does not make any determinations or changes in compensation in reaction to that market data alone. The Compensation Committee also does not target compensation to a specific point or range within any peer group. Therefore, it uses peer group data as one of a number of factors in determining compensation levels and packages.

The Committee reviewed data on the following peer retailers listed below for fiscal year 2007.

Ann Taylor Stores Corp.  Bed Bath & Beyond, Inc.  Big Lots, Inc.  BJ’s Wholesale Club, Inc. 
Charming Shoppes Inc.  Chico’s FAS, Inc.  The Children’s Place 
Retail Stores, Inc.  		Dillard’s, Inc. 
Dollar General Corp.  Dollar Tree Stores, Inc.  Dress Barn, Inc.  Family Dollar Stores, Inc. 
Foot Locker, Inc.  Gap Inc.  Jones Apparel Group, Inc.  Kohl’s Corporation 
Limited Brands, Inc.  Liz Claiborne Inc.  Nordstrom, Inc.  Office Depot, Inc. 
Payless Shoesource  PetSmart, Inc.  Staples, Inc.  Stein Mart, Inc. 
The Talbots, Inc.  The TJX Companies, Inc.  Williams-Sonoma, Inc.   

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The Committee also reviewed data from the Towers Perrin’s 2006 Compensation Retail/Wholesale industry DataBank of 50 retail organizations.

Adidas America  Ann Taylor Stores Corp.  The Great Atlantic & 
Pacific Tea Company, Inc.  		Applebee's International, Inc. 
AutoZone, Inc.  Best Buy Co., Inc.  Big Lots, Inc.  Blockbuster Inc. 
The Chanel Companies  Circle K  Coach, Inc.  Coldwater Creek, Inc. 
Columbia Sportswear
Company  		CVS Caremark Corp.  Darden Restaurants, Inc.  Federated Department 
Stores, Inc. 
Foot Locker, Inc.  Gap Inc.  Hannaford Bros. Co.  Harry Winston, Inc. 
The Home Depot, Inc.  J.C. Penney Company, Inc.  J. Crew Group, Inc.  Kohl's Corporation 
Levi Strauss & Co.  L.L. Bean, Inc.  Longs Drug Stores Corp.  NIKE Inc. 
Office Depot, Inc.  Papa John’s International, 
Inc.  		PetSmart, Inc.  Phillips-Van Heusen Corp. 
Polo Ralph Lauren Corp.  Raley's Family of Fine 
Stores  		Ross Stores, Inc.  RSC Equipment Rental, Inc. 
Safeway Inc.  Sears Holdings Corporation  7-Eleven, Inc.  The Sports Authority, Inc. 
Staples, Inc.  Target Corporation  Tiffany & Co.  Toys 'R' Us, Inc. 
True Value Company  United Rentals, Inc.  United Stationers Inc.  The Warnaco Group, Inc. 
Whole Foods Market, Inc.  Williams-Sonoma, Inc.     

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