Ross Stores Opens 39 New Locations

Rhea-AI Summary

Ross Stores announced the opening of 30 Ross Dress for Less and nine dd's DISCOUNTS stores across 17 states in October 2020, bringing the total new stores for fiscal 2020 to 66. The expansion includes 12 stores in California, Texas, and Florida, and entry into West Virginia and Arkansas. Ross operates 1,594 locations in 40 states, while dd's has 275 stores in 21 states. The company reported fiscal 2019 revenues of $16.0 billion, emphasizing its commitment to growth in existing and new markets.

Positive

• Opened 39 new stores, achieving the goal of 66 new locations for fiscal 2020.
• Expanded presence in existing major markets and entered new states, enhancing market footprint.

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• None.

DUBLIN, Calif., October 26, 2020 /PRNewswire/ -- Ross Stores announces the recent opening of 30 Ross Dress for Less^® ("Ross") and nine dd's DISCOUNTS^® stores across 17 different states in October. These new locations complete the Company's store growth plans for fiscal 2020 with the addition of 66 new stores. 

"We remain committed to growing our Ross and dd's footprints across our existing markets as well as expansion into our newer markets. We added a total of 12 stores to our largest markets of California, Texas, and Florida, while opening two stores in Ross' newest mid-western state, Ohio.  In addition, Ross and dd's both expanded their presence into new states.  Ross entered the state of West Virginia and now operates in 40 states and dd's opened its first store in Arkansas and has locations in 21 states," said Gregg McGillis, Group Executive Vice President, Property Development.

Ross Stores, Inc. is an S&P 500, Fortune 500, and Nasdaq 100 (ROST) company headquartered in Dublin, California, with fiscal 2019 revenues of $16.0 billion. Currently, the Company operates Ross Dress for Less^® ("Ross"), the largest off-price apparel and home fashion chain in the United States with 1,594 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 275 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:http://www.prnewswire.com/news-releases/ross-stores-opens-39-new-locations-301159095.html

SOURCE Ross Stores, Inc.

FAQ

What new locations did Ross Stores open in October 2020?

Ross Stores opened 30 Ross Dress for Less and nine dd's DISCOUNTS stores across 17 states.

How many new stores did Ross Stores open in fiscal 2020?

Ross Stores opened a total of 66 new stores in fiscal 2020.

Which new states did Ross expand into recently?

Ross expanded into West Virginia and Arkansas, bringing its total operational states to 40 and 21 respectively.

What were the fiscal 2019 revenues for Ross Stores?

Ross Stores reported fiscal 2019 revenues of $16.0 billion.

How many Ross Dress for Less locations are there?

Ross operates 1,594 Ross Dress for Less locations in the United States.

How many dd's DISCOUNTS stores does Ross operate?

Ross operates 275 dd's DISCOUNTS stores across 21 states.