Ross Stores opens new locations, enters new state
Off-price retailer Ross Stores Inc. is on target with expansion plans.
Ross Stores opened 22 Ross Dress for Less and six dd's Discounts stores across 10 different states in June and July. These new locations are part of the company's previously announced plans to add approximately 100 stores in 2019, with 75 Ross and 25 dd's Discounts locations.
As part of this most recent wave of store openings, Ross entered the state of Ohio with the opening of two new stores and now operates in 39 states.
"These recent openings reflect our ongoing strategy of targeting growth in both established regions and newer markets,” said Jim Fassio, president and chief development officer, Ross Stores. “The 28 locations we added this summer include five stores in our newer Midwest markets of Illinois, Indiana, Kentucky, and Missouri. Looking ahead, we remain confident in our ability to grow to 2,400 Ross Dress for Less and 600 dd's Discounts locations over time."
In Ross Stores’ most recent earnings call in May 2019, CEO Barbara Rentler said the company’s store expansion plans were on track. Share growth for the quarter beat analyst estimates, although the retailer missed on sales.
Together, Ross Dress for Less and dd's Discounts currently operate 1,772 off-price apparel and home fashion stores in 39 states, the District of Columbia, and Guam.
Ross Stores opened 22 Ross Dress for Less and six dd's Discounts stores across 10 different states in June and July. These new locations are part of the company's previously announced plans to add approximately 100 stores in 2019, with 75 Ross and 25 dd's Discounts locations.
As part of this most recent wave of store openings, Ross entered the state of Ohio with the opening of two new stores and now operates in 39 states.
"These recent openings reflect our ongoing strategy of targeting growth in both established regions and newer markets,” said Jim Fassio, president and chief development officer, Ross Stores. “The 28 locations we added this summer include five stores in our newer Midwest markets of Illinois, Indiana, Kentucky, and Missouri. Looking ahead, we remain confident in our ability to grow to 2,400 Ross Dress for Less and 600 dd's Discounts locations over time."
In Ross Stores’ most recent earnings call in May 2019, CEO Barbara Rentler said the company’s store expansion plans were on track. Share growth for the quarter beat analyst estimates, although the retailer missed on sales.
Together, Ross Dress for Less and dd's Discounts currently operate 1,772 off-price apparel and home fashion stores in 39 states, the District of Columbia, and Guam.