Ross Stores (ROST)

Distribution Centers

We operate four distribution facilities. We have two 1.3 million square foot distribution centers -- one in Fort Mill, South Carolina, and the other in Perris, California. Our Fort Mill, South Carolina facility, which we own, opened in July 2002. The Perris, California facility opened in September 2003 and is financed with a ten-year synthetic lease facility that expires in July 2013. We own a 685,000 square foot distribution center in Moreno Valley, California that we acquired to increase our distribution and packaway storage capacity. We are in the process of expanding our Moreno Valley, California distribution center to 1.3 million square feet. We also own a 426,000 square foot distribution center located in Carlisle, Pennsylvania. See additional discussion in Management’s Discussion and Analysis.

In November 2001 we entered into a nine-year lease for a 239,000 square foot warehouse and a ten-year lease for a 246,000 square foot warehouse in Carlisle, Pennsylvania. In January 2009, we exercised a three-year option for a 253,000 square foot warehouse in Fort Mill, South Carolina, extending the term to February 2013. In June 2008, we purchased a 423,000 square foot warehouse also in Fort Mill, South Carolina. All four of these properties are used to store our packaway inventory. We also lease a 10-acre parcel of land that has been developed for trailer parking adjacent to our Perris distribution center.

In October 2008 we purchased 160 acres of land in South Carolina with the intention of building a new distribution center in the future.

See additional discussion under “Distribution” in Item 1.

Distribution
Centers

We operate four distribution
facilities. We have two 1.3 million square foot distribution centers -- one in
Fort Mill, South Carolina, and the other in Perris, California. Our Fort
Mill, South Carolina facility, which we own, opened in July 2002. The Perris, California facility opened in September 2003
and is financed with a ten-year synthetic lease facility that expires in July
2013. We own a 685,000 square foot distribution center in Moreno Valley,
California that we acquired to increase our distribution and packaway storage
capacity. We are in the process of expanding our Moreno Valley, California
distribution center to 1.3 million square feet. We also own a 426,000 square
foot distribution center located in Carlisle, Pennsylvania. See additional
discussion in Management’s Discussion and Analysis.

In November 2001 we entered into a
nine-year lease for a 239,000 square foot warehouse and a ten-year lease for a
246,000 square foot warehouse in Carlisle, Pennsylvania. In January 2009, we
exercised a three-year option for a 253,000 square foot warehouse in Fort Mill,
South Carolina, extending the term to February 2013. In June 2008, we purchased
a 423,000 square foot warehouse also in Fort Mill, South Carolina. All four of
these properties are used to store our packaway inventory. We also lease a
10-acre parcel of land that has been developed for trailer parking adjacent to
our Perris distribution center.

In October 2008 we purchased 160
acres of land in South Carolina with the intention of building a new
distribution center in the future.

See additional discussion under
“Distribution” in Item 1.

Distribution Centers

We operate two 1.3 million square foot distribution centers -- one in Fort Mill, South Carolina, and the other in Perris, California. The South Carolina facility opened in July 2002 and was originally financed under a synthetic lease. We exercised the option to purchase this property in May 2006. The Perris, California facility opened in September 2003 and is financed with a ten-year synthetic lease facility that expires in July 2013. We also own a 450,000 square foot distribution center located in Carlisle, Pennsylvania. In addition, we own our 685,000 square foot Moreno Valley, California distribution center, which we purchased in 2005 to increase our distribution and packaway storage capacity. We are in the process of expanding our Moreno Valley, California distribution center to 1.3 million square feet. See additional discussion in Management’s Discussion and Analysis.

In November 2001 we entered into a nine-year lease for a 239,000 square foot warehouse and a ten-year lease for a 246,000 square foot warehouse in Carlisle, Pennsylvania. In June 2006, we entered into a two-year lease extension with one one-year option for a 253,000 square foot warehouse in Fort Mill, South Carolina, extending the term to February 2009. In March 2008, we amended the term of this lease to February 2010 and obtained three three-year options. In August 2007, we entered into a five-year lease for a 423,000 square foot warehouse also in Fort Mill, South Carolina. All four of these properties are used to store our packaway inventory. We also lease a 10-acre parcel which we currently have under construction for future trailer parking adjacent to our Perris distribution center.

See additional discussion under “Distribution” in Item 1.

Distribution Centers

We operate two 1.3 million square
foot distribution centers -- one in Fort Mill, South Carolina, and the other in
Perris, California. The South Carolina facility opened in July 2002 and was
originally financed under a synthetic lease. We exercised the option to purchase
this property in May 2006. The Perris, California facility opened in September
2003 and is financed with a ten-year synthetic lease facility that expires in
July 2013. We also own a 450,000 square foot distribution center located in
Carlisle, Pennsylvania. In addition, we own our 685,000 square foot Moreno
Valley, California distribution center, which we purchased in 2005 to increase
our distribution and packaway storage capacity. We are in the process of
expanding our Moreno Valley, California distribution center to 1.3 million
square feet. See additional discussion in Management’s Discussion and
Analysis.

In November 2001 we entered into a
nine-year lease for a 239,000 square foot warehouse and a ten-year lease for a
246,000 square foot warehouse in Carlisle, Pennsylvania. In June 2006, we
entered into a two-year lease extension with one one-year option for a 253,000
square foot warehouse in Fort Mill, South Carolina, extending the term to
February 2009. In March 2008, we amended the term of this lease to February 2010
and obtained three three-year options. In August 2007, we entered into a
five-year lease for a 423,000 square foot warehouse also in Fort Mill, South
Carolina. All four of these properties are used to store our packaway inventory.
We also lease a 10-acre parcel which we currently have under construction for
future trailer parking adjacent to our Perris distribution center.

See additional discussion under
“Distribution” in Item 1.

Distribution Centers

We operate two 1.3 million square foot distribution centers -- one in Fort Mill, South Carolina, and the other in Perris, California. The South Carolina facility opened in July 2002 and was originally financed under a synthetic lease. We exercised the option to purchase this property in May 2006. The Perris, California, facility opened in September 2003 and is financed with a ten-year synthetic lease facility that expires in July 2013. We also own a 426,000 square foot distribution center located in Carlisle, Pennsylvania. In addition, we own our 685,000 square foot Moreno Valley, California distribution center, which we purchased in 2005 to increase our distribution and packaway storage capacity. We have plans for future expansion at the Moreno Valley distribution center. See additional discussion in Management’s Discussion and Analysis.

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Distribution Centers

We operate two 1.3 million square foot distribution centers -- one in Fort Mill, South Carolina and the other in Perris, California.  The South Carolina facility opened in July 2002 and is financed under a synthetic lease through May 2006.  The Perris, California facility opened in September 2003 and is financed with a ten-year synthetic lease facility that expires in July 2013.  We also own a 426,000 square foot distribution center located in Carlisle, Pennsylvania.  See additional discussion in Management’s Discussion and Analysis.

We sold our 530,000 square foot Newark, California distribution center in 2004 and entered into a two-year lease arrangement to use approximately 154,000 square feet of the Newark Facility to support distribution activities for dd’s DISCOUNTS.  See additional discussion in Management’s Discussion and Analysis. 

In addition, in November 2001 we entered into a nine-year lease for a 239,000 square foot warehouse and a ten-year lease for a 246,000 square foot warehouse in Carlisle, Pennsylvania.  In January 2004, we entered into a two-year lease with two one-year options for a 253,000 square foot warehouse in Fort Mill, South Carolina.  All three of these properties are used to store our packaway inventory.

In 2005, we purchased a 685,000 square foot warehouse with expansion rights in Moreno Valley, California.

See additional discussion under “Distribution” in Item 1.

Distribution Centers

The Company operates two 1.3 million square foot distribution centers -- one in Fort Mill, South Carolina and the other in Perris, California.   The South Carolina facility opened in July 2002 and is financed under a synthetic lease through May 2006.  The Perris, California facility opened in September 2003 and is financed with a ten-year synthetic lease facility that expires in July 2013.  The Company also owns a 426,000 square foot distribution center located in Carlisle, Pennsylvania.  See additional discussion in Management’s Discussion and Analysis.

The Company sold its 530,000 square foot Newark distribution center in 2004 and entered into a two-year  lease arrangement to use approximately 154,000 square feet of the Newark Facility to support distribution activities for dd’s DISCOUNTS^SM and to house the Company’s data center. See additional discussion in Management’s Discussion and Analysis.

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