Jack Eckerd acquired a 12% stake in Ross Stores.

Ross, a privately held company headquartered in San Francisco, operates a chain of off-price stores specializing in the sale of brand-name family apparel and accessories. At the end of its fiscal year on Feb. 2, 1985, Ross was operating 66 stores in the Western United States with sales of $210 million, compared to sales of $76 million and 26 stores the previous year. Clearwater, Fla.-based Eckerd acquired its sake in Ross Stores for an undisclosed amount.