ROSS STORES OPENS 40 NEW LOCATIONS

Rhea-AI Summary

Ross Stores, based in Dublin, California, has completed its store growth plans for 2022, opening 40 new locations—28 Ross Dress for Less and 12 dd's DISCOUNTS—in September and October. This expansion brings the total store count to 2,019 across 40 states, the District of Columbia, and Guam. The company aims to reach at least 2,900 Ross and 700 dd's stores in the future, indicating confidence in ongoing growth opportunities. Fiscal 2021 revenues reached $18.9 billion.

Positive

• Opened 40 new stores, including 28 Ross Dress for Less and 12 dd's DISCOUNTS.
• Total store count reached 2,019, expanding presence across 40 states.
• Plans to reach at least 2,900 Ross and 700 dd's DISCOUNTS stores in the future.
• Fiscal 2021 revenue was $18.9 billion, indicating strong financial performance.

Negative

• None.

COMPLETES 2022 STORE GROWTH PLANS

DUBLIN, Calif., Oct. 31, 2022 /PRNewswire/ -- Ross Stores, Inc. announces the recent opening of 28 Ross Dress for Less^® ("Ross") and 12 dd's DISCOUNTS^® stores across 21 different states in September and October. These new locations complete the Company's store growth plans for fiscal 2022 with the addition of 99 new stores.

"This fall, we opened our 2,000^th store and continued to expand 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 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 2,900 Ross Dress for Less and 700 dd's DISCOUNTS locations over time."

Together, Ross Dress for Less and dd's DISCOUNTS currently operate 2,019 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 2021 revenues of $18.9 billion. The Company operates Ross Dress for Less® ("Ross"), the largest off-price apparel and home fashion chain in the United States with 1,696 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 323 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-40-new-locations-301662763.html

SOURCE Ross Stores, Inc.

FAQ

What recent store openings did Ross Stores announce?

Ross Stores announced the opening of 40 new locations, including 28 Ross Dress for Less and 12 dd's DISCOUNTS stores, completing their 2022 expansion plans.

What is the total number of Ross Stores locations as of October 2022?

As of October 2022, Ross Stores operates a total of 2,019 locations across 40 states, the District of Columbia, and Guam.

What are Ross Stores' future expansion plans?

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

What revenue did Ross Stores report for fiscal 2021?

Ross Stores reported fiscal 2021 revenues of $18.9 billion.