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Ross Stores, Inc. (NASDAQ: ROST) is a prominent player in the retail industry, renowned for its off-price apparel and accessories. Founded over 30 years ago, the company has evolved from a modest six-store chain into an $11 billion Fortune 500 company. The growth of Ross Stores has been remarkable, with its sales consistently outpacing traditional retailers over the past three years.
Ross Stores operates through two main retail chains: Ross Dress for Less® and DD’s Discounts®. The Ross Dress for Less® brand boasts over 1,250 stores spread across 33 states, the District of Columbia, and Guam. DD’s Discounts® complements this with more than 165 stores in 15 states. The company’s core business model revolves around procuring excess brand-name merchandise from manufacturing overruns and retail liquidations at prices significantly lower than their original retail value, often between 20%-60% off. This allows Ross Stores to offer consumers high-quality goods at reduced prices and creates a unique treasure hunt shopping experience.
The bulk of Ross Stores’ operations under its flagship, Ross Dress for Less, target middle-income consumers in densely populated suburban regions. The firm ensures a diverse array of stock-keeping units with minimal product depth, enhancing the shopping adventure. On the other hand, DD’s Discounts caters to lower-income shoppers with similarly discounted, brand-name merchandise.
Ross Stores’ strategy of cost-efficient operations and continuous expansion has underpinned its financial success. The company keeps operational costs low, passing the savings directly to customers, which has been a significant factor in maintaining its competitive edge. As of now, Ross Stores continues to open new outlets and adapt to market trends, ensuring sustainable growth and customer satisfaction.
For more information, visit the company’s official websites: www.rossstores.com and www.ddsdiscounts.com.
Ross Stores, Inc. has opened 11 new Ross Dress for Less and 8 dd's DISCOUNTS locations across 13 states in early 2023. This expansion aligns with the company's goal to establish approximately 100 new stores this fiscal year, including 75 Ross and 25 dd's DISCOUNTS. The company currently operates 2,034 locations and aims for long-term growth to 2,900 Ross locations and 700 dd's stores. Fiscal 2022 revenues were reported at $18.7 billion, highlighting Ross as the largest off-price apparel chain in the U.S. with significant savings ranging from 20% to 70% off retail prices.
Ross Dress for Less announces the opening of a new 18,000 square foot store in Paris, Texas, on March 4, 2023. This addition brings the total number of off-price apparel and home fashion stores operated by Ross and dd's DISCOUNTS to over 2,000 across 40 states, the District of Columbia, and Guam. With fiscal 2022 revenues of $18.7 billion, Ross Stores, Inc. remains a significant player in the retail sector, offering savings of 20% to 60% on various brand products. The company is headquartered in Dublin, California, and is a part of the S&P 500, Fortune 500, and Nasdaq 100.
Ross Stores will open a new store in Wasco, California on March 4, 2023. This 18,000 square foot store is located at Barker Square Shopping Center, positioned at the intersection of Highway 46 and Peters Street. Currently, Ross and dd's DISCOUNTS operate over 2,000 stores across 40 states, the District of Columbia, and Guam. In fiscal 2022, Ross Stores generated revenues of $18.7 billion. The company is recognized as the largest off-price apparel and home fashion chain in the United States, offering significant savings on quality name brand products.
Ross Dress for Less will open a new store in West Bend on March 4, 2023. The 23,500 square foot store is strategically located within the West Bend Corporate Center.
Ross and dd's DISCOUNTS together operate over 2,000 off-price apparel and home fashion stores across 40 states, the District of Columbia, and Guam. For fiscal 2022, Ross Stores reported revenues of $18.7 billion. The company offers significant discounts, ranging from 20% to 60% off regular prices, making it a leader in off-price retail.
Ross Stores, Inc. (NASDAQ: ROST) announced a strong fourth quarter ending January 28, 2023, with earnings per share of $1.31 and net income of $447 million, up from $1.04 and $367 million in the same quarter last year. Total sales reached $5.2 billion, with comparable store sales increasing by 1%. For the fiscal year, EPS was $4.38 on $18.7 billion in sales, a slight decline from 2021. The Board declared an 8% increase in the quarterly cash dividend to $0.335 per share, highlighting a commitment to shareholder value. However, the fiscal 2023 outlook remains cautious, projecting flat comparable store sales and EPS guidance of $4.65 to $4.95.
Ross Dress for Less will open a new store in Cornelia, Georgia, on March 4, 2023. This 20,000 square foot location is situated in the Habersham Crossing Shopping Center. Together with dd's DISCOUNTS, Ross operates over 2,000 off-price apparel and home fashion stores across 40 states, the District of Columbia, and Guam. In fiscal 2021, Ross Stores, Inc. reported revenues of $18.9 billion. The company is recognized for offering significant savings on brand-name items, with discounts ranging from 20% to 60% off regular prices.
Ross Dress for Less will open a new 18,500 square foot store in Mason City on March 4, 2023, located at the Willow Creek Crossing Shopping Center. This expansion adds to the company’s portfolio of over 2,000 off-price apparel and home fashion stores across 40 states, the District of Columbia, and Guam. Ross, part of NASDAQ: ROST, reported fiscal 2021 revenues of $18.9 billion. The company offers name brand and designer products with discounts of 20% to 60% off regular prices, serving the entire family. This new store aims to enhance local shopping options while contributing to the company’s growth.
Ross Dress for Less will open a new store in Thornton on March 4, 2023. The store spans 20,000 square feet and is located in Thorncreek Crossing Shopping Center.
As of now, Ross and dd's DISCOUNTS operate over 2,000 stores across 40 states, the District of Columbia, and Guam. In fiscal 2021, the company reported revenues of $18.9 billion. Ross offers significant discounts of 20% to 60% on apparel and home fashions, appealing to budget-conscious consumers.
Ross Dress for Less will open a new store in Shawnee on March 4, 2023. This new location, spanning 23,500 square feet, is in the Shawnee Station Shopping Center. Currently, Ross and dd's DISCOUNTS operate over 2,000 stores across 40 states, the District of Columbia, and Guam.
Ross Stores, Inc. (NASDAQ: ROST), headquartered in Dublin, California, reported fiscal 2021 revenues of $18.9 billion. The company offers significant savings on brand-name apparel and home fashions, with discounts ranging from 20% to 60% off regular prices.
Ross Stores will open a new 20,000 square foot store in Tullahoma on March 4, 2023. Located in the Forrest Gallery Shopping Center, this expansion adds to Ross’s presence in the U.S., where it operates over 2,000 off-price apparel and home fashion stores across 40 states, the District of Columbia, and Guam. For fiscal 2021, Ross Stores reported revenues of $18.9 billion. The company offers significant discounts on name-brand apparel and home fashions, with savings ranging from 20% to 60%. This store opening reflects Ross's commitment to providing quality products at competitive prices.
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