Ross Stores, Inc., a leading off-price apparel and home fashion company in the United States, has recently opened 51 new stores. This expansion marks the completion of the company’s store growth plans for fiscal 2023, bringing the total number of recent locations to 97.
The new stores include 43 Ross Dress for Less® and eight dd’s DISCOUNTS® outlets spread across 22 different states. The expansion occurred in September and October, indicating a robust growth strategy despite the challenging retail environment.
Ross Stores‘ expansion strategy is not limited to existing markets. The company has made significant strides into newer territories as well. For instance, the first Ross Dress for Less stores were opened in New York and Minnesota. On the other hand, dd’s DISCOUNTS extended its presence in California, Maryland, Tennessee, and Texas.
The company’s Group Executive Vice President of Property Development, Gregg McGillis, expressed confidence in their expansion plans. “This…
fall, we continued to expand our presence in both existing and newer markets,” said Gregg McGillis, Group Executive Vice President, Property Development. “At Ross Dress for Less, we opened our first stores in the states of New York and Minnesota while dd’s grew its footprint in California, Maryland, Tennessee, and Texas.
Looking ahead, we remain confident in our expansion plans and see plenty of opportunity to grow to at least 2,900 Ross Dress for Less and 700 dd’s DISCOUNTS locations over time.” Ross Dress for Less and dd’s DISCOUNTS currently operates 2,112 locations in 43 states, the District of Columbia, and Guam.
Ross Stores, Inc., an S&P 500, Fortune 500, and Nasdaq 100 (ROST) company, is headquartered in Dublin, California. In fiscal 2022, the company reported revenues of $18.7 billion.
Ross Dress for Less, the largest off-price apparel and home fashion chain in the United States, offers first-quality, in-season, name brand and designer apparel, accessories, footwear, and home fashions at savings of 20% to 60% off department and specialty store regular prices every day…
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