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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 Dress for Less will open a new store in Surprise, Arizona on March 4, 2023. The store spans 22,000 square feet and is situated in the Village at Prasada 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. achieved $18.9 billion in revenue for fiscal 2021, making it a prominent off-price apparel and home fashion chain in the U.S. The new location aims to enhance the company’s footprint in Arizona while offering significant savings on quality merchandise.
Ross Stores, Inc. announces the opening of a new Ross Dress for Less store in Hudson, Florida on March 4, 2023. The 21,500 square foot store will be situated in the Plaza of the Oaks Shopping Center.
As of now, Ross operates over 2,000 stores across 40 states and regions, including the District of Columbia and Guam. In fiscal year 2021, Ross generated $18.9 billion in revenues, showcasing its position as the largest off-price apparel and home fashion retailer in the U.S.
Ross Dress for Less plans to re-open its Round Rock store on March 4, 2023. The store spans 30,000 square feet and is situated in the Boardwalk Shopping Center, at the intersection of Interstate 35 and Louis Henna Boulevard.
Ross, along with dd's DISCOUNTS, operates over 2,000 off-price retail stores across 40 states, the District of Columbia, and Guam. The company reported fiscal 2021 revenues of $18.9 billion and continues to be a leading name in off-price retail in the U.S., offering significant discounts on a range of products.
Ross Stores, Inc. (NASDAQ: ROST) is set to announce its fourth quarter and fiscal 2022 earnings results on February 28, 2023, at approximately 4:00 p.m. Eastern time. A live audio webcast of the conference call will occur at 4:15 p.m. Eastern time on the same day, accessible via the Investors section of their website, www.rossstores.com. The recorded call will be available until March 7, 2023. Ross Stores, headquartered in Dublin, California, reported $18.9 billion in revenues for fiscal 2021, operating the largest off-price apparel chain in the U.S.
Dublin, California – On February 4, 2023, dd's DISCOUNTS, part of Ross Stores (NASDAQ: ROST), will open a new store in Fort Myers, covering 20,500 square feet at The Forum Shopping Center. This expansion adds to the over 2,000 off-price apparel and home fashion stores that Ross operates across 40 states, the District of Columbia, and Guam. Ross is recognized as the largest off-price apparel and home fashion retailer in the U.S., with fiscal 2021 revenues reported at $18.9 billion. The store will offer significant savings on name brand apparel and home fashions for families.
Dublin, California, February 1, 2023 – dd's DISCOUNTS, a division of Ross Stores (ROST), is set to open a new store in Houston on February 4, 2023. The store spans 21,500 square feet and is located at the Copperwood Village Shopping Center. Ross Dress for Less and dd's DISCOUNTS collectively operate over 2,000 off-price stores across 40 states, Washington D.C., and Guam. In fiscal 2021, Ross Stores generated $18.9 billion in revenue, offering significant discounts on quality apparel and home fashions.
Ross Stores has announced the opening of its first dd's DISCOUNTS store in Milwaukee on February 4, 2023. Located in Loomis Centre, the new store spans 18,500 square feet, adding to the over 2,000 off-price apparel and home fashion stores operated by Ross Dress for Less and dd's DISCOUNTS in 40 states, the District of Columbia, and Guam. In fiscal 2021, Ross Stores generated revenues of $18.9 billion. The company provides substantial savings on name-brand and designer items, offering 20% to 60% off regular prices.
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