U.S. Ross opens more than two dozen Stores against retail tide
Ross Stores opens 28 new Locations that form part of 90 new stores planned for 2017
Ross Stores recently opened 23 Ross Dress for Less® (“Ross”) and five dd’s DISCOUNTS® stores across 15 different states in February and March. These new locations are part of the Company’s plans to add approximately 70 Ross and 20 dd’s DISCOUNTS locations during 2017.
“These new Spring stores further strengthen our presence in the Midwest, which accounts for approximately one-quarter of these openings, and includes initial entry into our newest state of Iowa. We also continue to see opportunity to grow in our largest states with new locations in California, Florida and Texas,” said Jim Fassio, President and Chief Development Officer. “With these recent openings, we now operate a total of 1561 Ross Dress for Less and dd’s DISCOUNTS stores across 37 states, the District of Columbia, and Guam. Looking ahead, we remain confident that over time, Ross can grow to 2,000 locations and dd’s DISCOUNTS can become a chain of 500 stores.”
Ross Stores, Inc. is an S&P 500, Fortune 500 and Nasdaq 100 (ROST) company headquartered in Dublin, California, with fiscal 2016 revenues of USD 12.9 billion. Currently, the Company operates Ross Dress for Less® (“Ross”), the largest off-price apparel and home fashion chain in the United States with 1363 locations in 37 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 currently operates 198 dd’s DISCOUNTS® in 15 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.