STOCK TITAN

ROSS STORES OPENS 24 NEW LOCATIONS

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags

Ross Stores (NASDAQ: ROST) has expanded its retail footprint with the opening of 24 new locations across 17 states in June and July 2024. This expansion includes 21 Ross Dress for Less® and three dd's DISCOUNTS® stores, aligning with the company's fiscal 2024 plan to add approximately 90 new stores. The expansion strengthens Ross's presence in existing markets and extends into newer territories such as Michigan, Minnesota, and New York.

Richard Lietz, Executive VP of Property Development, expressed confidence in the company's long-term growth strategy, aiming to reach at least 2,900 Ross Dress for Less and 700 dd's DISCOUNTS locations. Currently, Ross Stores operates a total of 2,148 stores across 43 states, DC, and Guam, with fiscal 2023 revenues of $20.4 billion.

Ross Stores (NASDAQ: ROST) ha ampliato la sua rete di vendita con l'apertura di 24 nuove sedi in 17 stati tra giugno e luglio 2024. Questa espansione comprende 21 negozi Ross Dress for Less® e tre negozi dd's DISCOUNTS®, in linea con il piano fiscale 2024 dell'azienda che prevede l'aggiunta di circa 90 nuovi negozi. L'espansione rafforza la presenza di Ross nei mercati esistenti e si estende in territori più recenti come Michigan, Minnesota e New York.

Richard Lietz, Vice Presidente Esecutivo dello Sviluppo Immobiliare, ha espresso fiducia nella strategia di crescita a lungo termine dell'azienda, con l'obiettivo di raggiungere almeno 2.900 negozi Ross Dress for Less e 700 negozi dd's DISCOUNTS. Attualmente, Ross Stores gestisce un totale di 2.148 negozi in 43 stati, DC e Guam, con ricavi fiscali per il 2023 di 20,4 miliardi di dollari.

Ross Stores (NASDAQ: ROST) ha ampliado su huella minorista con la apertura de 24 nuevas ubicaciones en 17 estados en junio y julio de 2024. Esta expansión incluye 21 tiendas Ross Dress for Less® y tres tiendas dd's DISCOUNTS®, alineándose con el plan fiscal de la compañía para 2024 de agregar aproximadamente 90 nuevas tiendas. La expansión fortalece la presencia de Ross en mercados existentes y se extiende a territorios más nuevos como Míchigan, Minnesota y Nueva York.

Richard Lietz, Vicepresidente Ejecutivo de Desarrollo de Propiedades, expresó confianza en la estrategia de crecimiento a largo plazo de la empresa, con el objetivo de alcanzar al menos 2,900 ubicaciones de Ross Dress for Less y 700 de dd's DISCOUNTS. Actualmente, Ross Stores opera un total de 2,148 tiendas en 43 estados, DC y Guam, con ingresos fiscales de 2023 de 20.4 mil millones de dólares.

로스 스토어스(Ross Stores, NASDAQ: ROST)는 2024년 6월과 7월에 17개 주에 걸쳐 24개의 새로운 매장을 열면서 소매 발자국을 확장했습니다. 이번 확장은 21개 Ross Dress for Less® 매장과 3개 dd's DISCOUNTS® 매장이 포함되며, 2024 회계연도에 약 90개의 새로운 매장을 추가하겠다는 회사의 계획과 일치합니다. 이러한 확장은 로스의 기존 시장에서의 입지를 강화하고 미시간, 미네소타, 뉴욕과 같은 새로운 지역으로 확대합니다.

부동산 개발의 최고 부사장인 리차드 리츠(Richard Lietz)는 회사의 장기 성장 전략에 대한 신뢰를 표현하며, 최소 2,900개의 Ross Dress for Less 매장과 700개의 dd's DISCOUNTS 매장을 목표로 하고 있음을 밝혔습니다. 현재 로스 스토어스는 43개 주, 워싱턴 D.C., 괌에 걸쳐 총 2,148개의 매장을 운영하고 있으며, 2023 회계연도 수익은 204억 달러입니다.

Ross Stores (NASDAQ: ROST) a élargi son empreinte de vente au détail avec l'ouverture de 24 nouveaux magasins dans 17 États en juin et juillet 2024. Cette expansion comprend 21 magasins Ross Dress for Less® et trois magasins dd's DISCOUNTS®, en accord avec le plan fiscal de l'entreprise pour 2024 qui prévoit l'ajout d'environ 90 nouveaux magasins. L'expansion renforce la présence de Ross sur les marchés existants et s'étend à de nouveaux territoires tels que le Michigan, le Minnesota et New York.

Richard Lietz, vice-président exécutif du développement immobilier, a exprimé sa confiance dans la stratégie de croissance à long terme de l'entreprise, visant à atteindre au moins 2 900 magasins Ross Dress for Less et 700 magasins dd's DISCOUNTS. Actuellement, Ross Stores opère un total de 2 148 magasins dans 43 États, DC et Guam, avec des revenus fiscaux de 20,4 milliards de dollars pour l'exercice 2023.

Ross Stores (NASDAQ: ROST) hat seine Einzelhandelspräsenz mit der Eröffnung von 24 neuen Standorten in 17 Bundesstaaten im Juni und Juli 2024 erweitert. Diese Expansion umfasst 21 Ross Dress for Less® und drei dd's DISCOUNTS® Geschäfte und steht im Einklang mit dem Finanzplan des Unternehmens für 2024, der die Eröffnung von etwa 90 neuen Geschäften vorsieht. Die Expansion stärkt die Präsenz von Ross in bestehenden Märkten und erstreckt sich auf neue Gebiete wie Michigan, Minnesota und New York.

Richard Lietz, Executive Vice President für Immobilienentwicklung, äußerte Vertrauen in die langfristige Wachstumsstrategie des Unternehmens, mit dem Ziel, mindestens 2.900 Ross Dress for Less und 700 dd's DISCOUNTS Standorte zu erreichen. Derzeit betreibt Ross Stores insgesamt 2.148 Geschäfte in 43 Bundesstaaten, Washington D.C. und Guam, mit einem Umsatz von 20,4 Milliarden Dollar im Geschäftsjahr 2023.

Positive
  • Opened 24 new stores across 17 states, expanding market presence
  • On track to add approximately 90 new stores in fiscal 2024
  • Expanded into new markets: Michigan, Minnesota, and New York
  • Long-term growth plan to reach at least 2,900 Ross and 700 dd's locations
  • Fiscal 2023 revenues of $20.4 billion
Negative
  • None.

DUBLIN, Calif., July 22, 2024 /PRNewswire/ -- Ross Stores recently opened 21 Ross Dress for Less® ("Ross") and three dd's DISCOUNTS® stores across 17 different states in June and July. These new locations are part of the Company's plans to add approximately 90 new stores, comprised of about 75 Ross and 15 dd's DISCOUNTS locations, during fiscal 2024. 

"These recent openings reflect our ongoing plans to continue building our presence in both existing and newer markets," said Richard Lietz, Executive Vice President, Property Development. "This summer, Ross expanded its footprint in several existing markets and added locations in Michigan, Minnesota, and New York, states we entered last year, while dd's also expanded its presence in Colorado, Pennsylvania, and Texas. Looking ahead, we remain confident in our ability to grow to at least 2,900 Ross Dress for Less and 700 dd's DISCOUNTS locations over time."

Together, Ross Dress for Less and dd's DISCOUNTS currently operate a total of 2,148 locations in 43 states, the District of Columbia, and Guam.

About Ross Stores, Inc. 
Ross Stores, Inc. is an S&P 500, Fortune 500, and Nasdaq 100 (ROST) company headquartered in Dublin, California, with fiscal 2023 revenues of $20.4 billion. Currently, the Company operates Ross Dress for Less® ("Ross"), the largest off-price apparel and home fashion chain in the United States with 1,795 locations in 43 states, the District of Columbia, and Guam. Ross offers first-quality, in-season, name brand and designer apparel, accessories, footwear, and home fashions for the entire family at savings of 20% to 60% off department and specialty store regular prices every day. The Company also operates 353 dd's DISCOUNTS® stores in 22 states that feature a more moderately-priced assortment of first-quality, in-season, name brand apparel, accessories, footwear, and home fashions for the entire family at savings of 20% to 70% off moderate department and discount store regular prices every day. Additional information is available at www.rossstores.com

Contact:

Connie Kao                                                      


Group Vice President, Investor & Media Relations                     


(925) 965-4668                                                


connie.kao@ros.com                                   

 

Cision View original content:https://www.prnewswire.com/news-releases/ross-stores-opens-24-new-locations-302201990.html

SOURCE Ross Stores, Inc.

FAQ

How many new stores did Ross Stores (ROST) open in June and July 2024?

Ross Stores opened 24 new locations in June and July 2024, consisting of 21 Ross Dress for Less® and three dd's DISCOUNTS® stores across 17 different states.

What is Ross Stores' (ROST) expansion plan for fiscal 2024?

Ross Stores plans to add approximately 90 new stores in fiscal 2024, comprising about 75 Ross Dress for Less and 15 dd's DISCOUNTS locations.

Which new states did Ross Stores (ROST) expand into recently?

Ross Stores expanded into Michigan, Minnesota, and New York, states they entered in the previous year.

What is Ross Stores' (ROST) long-term growth target for store locations?

Ross Stores aims to grow to at least 2,900 Ross Dress for Less and 700 dd's DISCOUNTS locations over time.

How many stores does Ross Stores (ROST) currently operate?

As of July 2024, Ross Stores operates a total of 2,148 locations across 43 states, the District of Columbia, and Guam.

Ross Stores Inc

NASDAQ:ROST

ROST Rankings

ROST Latest News

ROST Stock Data

46.81B
331.76M
2.1%
93.06%
1.4%
Apparel Retail
Retail-family Clothing Stores
Link
United States of America
DUBLIN