Ross Stores to open 100 new locations this year
Off-price fashion retailer Ross Stores, Inc. announced on Monday the opening of 19 stores across 13 different states, including locations in California, Texas, and Florida.
In particular, 11 Ross Dress for Less and Eight DD's Discounts stores have opened through February and March. The stores opened in existing markets, while dd's growth also included their first store in the state of Wisconsin.
The openings are part of the Dublin, California-based company’s plans to add approximately 100 new stores during fiscal 2023. The opening are comprised of about 75 Ross and 25 DD's Discounts. Ross currently has locations in 40 states and DD's Discounts stores are present in 22 states.
"These recent openings reflect our ongoing plans to continue the expansion of our two chains," said Gregg McGillis, group executive vice president, property development.
"We now operate a total of 2,034 Ross Dress for Less and dd's Discounts locations across 40 states, the District of Columbia, and Guam. As we look out over the long term, we remain confident that Ross can grow to 2,900 locations and DD's Discounts can become a chain of 700 stores given consumers' ongoing focus on value and convenience.”
The openings follow impressive 2022 store growth. In September and October, the company opened 28 Ross and 12 DD's Discounts stores across 21 different states, completing the company's store growth plans for fiscal 2022 with the addition of 99 new stores.
Ross Stores, Inc. reported fiscal 2022 revenues of $18.7 billion.
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