NEWARK, Calif., May 23, 2002 /PRNewswire-FirstCall via COMTEX/ -- Ross Stores, Inc. (Nasdaq: ROST) announced today that the company's Board of Directors declared a regular quarterly cash dividend of $.0475 per common share, payable on or about July 1, 2002 to stockholders of record as of June 17, 2002.

Ross Stores, Inc. reported sales of $3.0 billion in 2001, its most recent fiscal year. The off-price retailer operates 470 stores in 22 states, offering first-quality, in season, branded apparel, accessories and footwear for the entire family as well as gift items and linens for the home all at everyday savings of 20% to 60% less than regular department and specialty store prices.

SOURCE Ross Stores, Inc.

CONTACT:
John G. Call, Senior Vice President & Chief Financial Officer, +1-510-505-4315, or
Katie Loughnot, Vice President, Investor Relations, +1-510-505-4509, or katie.loughnot@ros.com, both of Ross Stores, Inc.

/Company News On-Call: http://www.prnewswire.com/comp/764175.html

URL: http://www.rossstores.com

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