Ross Stores, Inc.
ROST
Consumer Discretionary
1
exclusion reason
1 theme
This page is part of our public exclusion list — a transparency tool that shows which companies we screen out and why. It is not investment advice, and it is not an accusation. But it is subject to change as our understanding of the facts evolves.
Ross Stores has a documented pattern of interfering with workers' right to organize. In 2012, the National Labor Relations Board (NLRB) found that Ross Stores violated federal labor law by interrogating employees about union activity, threatening to close a store if workers unionized, and unlawfully firing a worker who was a union supporter. The D.C. Circuit Court of Appeals upheld the NLRB's decision in 2013, ordering Ross to reinstate the fired employee with back pay. This case, *Ross Stores, Inc. v. NLRB*, represents a formal finding of illegal anti-union conduct.
Research Sources
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A digest of changes to our exclusion list — new additions, removals, and the evidence behind them. We review the list continuously as new evidence surfaces.
Companies appear on our exclusion list based on our investment judgment — not because they've done anything illegal. This is a difference of values and opinion, not an accusation of wrongdoing. Exclusion does not constitute a recommendation against investing in any company, and absence from the list does not constitute a recommendation to invest.
This information is provided for educational and transparency purposes only and should not be relied upon as investment advice. Data is drawn from independent watchdogs, NGOs, government registries, and Ethical Capital's ongoing research — see Research Sources for the full list.
Ethical Capital LLC is a state-registered investment adviser in Utah (CRD #316032). Registration does not imply a certain level of skill or training.