Ross Stores Opens 28 New Locations

Rhea-AI Summary

Ross Stores, Inc. announced the opening of 28 new locations, including 18 Ross Dress for Less® stores and 10 dd's DISCOUNTS® stores across 15 states in September and October. This expansion completes their fiscal 2021 goal of adding 65 new stores. The company currently operates 1,924 off-price apparel and home fashion stores in 40 states, with plans to grow to at least 2,400 Ross locations and 600 dd's DISCOUNTS over time. Ross generated $12.5 billion in fiscal 2020 revenue, solidifying its position as the largest off-price apparel chain in the U.S.

Positive

• Opened 28 new stores, reaching a total of 1,924 locations.
• Completed fiscal 2021 goal of adding 65 new stores.
• Plans to expand to at least 2,400 Ross locations and 600 dd's DISCOUNTS.

Negative

• None.

DUBLIN, Calif., Oct. 11, 2021 /PRNewswire/ -- Ross Stores, Inc. announces the recent opening of 18 Ross Dress for Less^® ("Ross") and 10 dd's DISCOUNTS^® stores across 15 different states in September and October.  These new locations complete the Company's store growth plans for fiscal 2021 with the addition of 65 new stores.

"This fall, we continued to expand our Ross and dd's footprints across our existing markets as well as in our newer states.  In addition to openings in California, Florida, and Texas, Ross strengthened its presence in Nebraska and Ohio while dd's bolstered its store base in Illinois," said Gregg McGillis, Group Executive Vice President, Property Development. "Looking ahead, we remain confident in our expansion plans and continue to see plenty of opportunity to grow to at least 2,400 Ross Dress for Less and 600 dd's DISCOUNTS locations over time."

Together, Ross Dress for Less and dd's DISCOUNTS currently operate 1,924 off-price apparel and home fashion stores in 40 states, the District of Columbia, and Guam.

Ross Stores, Inc. is an S&P 500, Fortune 500, and Nasdaq 100 (ROST) company headquartered in Dublin, California, with fiscal 2020 revenues of $12.5 billion. Currently, the Company operates Ross Dress for Less^® ("Ross"), the largest off-price apparel and home fashion chain in the United States with 1,629 locations in 40 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 295 dd's DISCOUNTS^® in 21 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

View original content:https://www.prnewswire.com/news-releases/ross-stores-opens-28-new-locations-301396438.html

SOURCE Ross Stores, Inc.

FAQ

What is the significance of Ross Stores' recent expansion?

Ross Stores opened 28 new locations, completing its fiscal 2021 goal of 65 new stores and strengthening its market presence.

Where are the new Ross and dd's DISCOUNTS stores located?

The new stores are located across 15 states, including California, Florida, Texas, Nebraska, Ohio, and Illinois.

How many stores does Ross currently operate?

Ross operates a total of 1,924 off-price apparel and home fashion stores in 40 states.

What future growth plans does Ross Stores have?

Ross Stores plans to expand to at least 2,400 Ross locations and 600 dd's DISCOUNTS over time.

What were Ross Stores' revenues for fiscal 2020?

Ross Stores reported revenues of $12.5 billion for fiscal 2020.