Ross Stores Opens 30 New Locations

Rhea-AI Summary

Ross Stores opened 30 new locations, including 22 Ross Dress for Less and 8 dd's DISCOUNTS stores, across 11 states in June and July 2021. This expansion is part of their plan to add approximately 60 new stores in fiscal 2021. The company aims to grow to 2,400 Ross and 600 dd's DISCOUNTS locations long-term. Currently, Ross operates 1,896 locations in 40 states, generating fiscal 2020 revenues of $12.5 billion. The brand emphasizes significant savings of 20% to 70% off regular prices.

Positive

• Opened 30 new stores, expanding market presence.
• Plans to grow to 2,400 Ross and 600 dd's DISCOUNTS locations.
• Strong revenue performance with $12.5 billion in fiscal 2020.
• Continues to provide significant savings (20% to 70%) to customers.

Negative

• None.

DUBLIN, Calif., July 19, 2021 /PRNewswire/ -- Ross Stores recently opened 22 Ross Dress for Less^® ("Ross") and eight dd's DISCOUNTS^® stores across 11 different states in June and July. These new locations are part of the Company's plans to add approximately 60 new stores – 40 Ross and 20 dd's DISCOUNTS – during fiscal 2021. 

"These recent openings reflect our ongoing commitment to expanding our two chains," said Gregg McGillis, Group Executive Vice President, Property Development. "This summer, we expanded our presence in our largest markets of California, Florida, and Texas, and also added locations in newer states, including Illinois for dd's as well as Ohio and West Virginia for Ross. Looking ahead, we remain confident in our ability 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 a total of 1,896 locations 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 1,611 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 285 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-30-new-locations-301335895.html

SOURCE Ross Stores, Inc.

FAQ

What recent store openings did Ross Stores announce in July 2021?

Ross Stores opened 30 new locations including 22 Ross Dress for Less and 8 dd's DISCOUNTS in June and July 2021.

How many stores does Ross operate currently?

Ross Stores currently operates a total of 1,896 locations across 40 states, the District of Columbia, and Guam.

What are Ross Stores' revenue figures for fiscal 2020?

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

What is Ross Stores' long-term growth plan?

Ross Stores aims to expand to at least 2,400 Ross Dress for Less and 600 dd's DISCOUNTS locations over time.

What percentage of savings does Ross offer on products?

Ross offers savings between 20% to 70% off regular prices.