Ross Stores Expands Its Brand with 40 New Locations Across the U.S.
In a significant move to enhance its footprint in the retail space, Ross Stores, Inc. (Nasdaq: ROST) has opened 40 new locations, comprising 36 Ross Dress for Less® and 4 dd's DISCOUNTS® stores. This expansion spans 17 states and marks a pivotal moment in the company’s ongoing growth strategy for the fiscal year 2025.
Richard Lietz, Executive Vice President of Property Development, expressed excitement about this expansion, emphasizing the company's commitment to increasing its brand presence. Notably, Ross has made headway in regions where they already operate while also venturing into new areas across the Midwest and Northeast. States like Michigan, New Jersey, and New York welcomed new Ross Dress for Less stores, while existing markets in California and Texas saw an increase in dd's DISCOUNTS locations.
With these new store openings, Ross Stores has fulfilled its goal of launching 90 new locations throughout 2025. “At Ross Dress for Less, we are thrilled to enhance our stores in markets that show promise for growth,” Lietz stated. He also shared a forward-looking perspective, confident that the company can achieve a target of at least 2,900 Ross Dress for Less and 700 dd's DISCOUNTS locations in the long term.
Currently, the operational count for both brands combined stands at an impressive 2,273 locations across 44 states, along with territories like Guam, the District of Columbia, and Puerto Rico. This extensive reach showcases the brand's dedication to serving its customers with quality and affordability.
Ross Stores continues to distinguish itself in the retail market by offering top-notch, designer apparel and home fashion at significant savings ranging from 20% to 60% everyday. Ross Dress for Less stands as the largest off-price apparel and home fashion retailer in the United States, while dd's DISCOUNTS provides a curated selection of moderately priced items that appeal to budget-conscious shoppers.
In fiscal year 2024, Ross Stores reported revenues of $21.1 billion, reflecting its robust business model and customer loyalty. The company's strategic expansion targets signify not just growth but also an opportunity to serve more customers year-round, reinforcing its mission to deliver exceptional value.
For more information about Ross Stores and its latest openings, customers can visit their official website at www.rossstores.com. With every new store, the company aims to bolster its commitment to offering accessible fashion to households across America, maintaining a leading position in a competitive retail landscape.
In summary, Ross Stores' effective strategy of expanding within existing markets while also exploring new regions illustrates their adaptability and customer-driven approach. As they continue to meet and exceed industry standards, the future looks bright for Ross Stores and its loyal clientele.
Richard Lietz, Executive Vice President of Property Development, expressed excitement about this expansion, emphasizing the company's commitment to increasing its brand presence. Notably, Ross has made headway in regions where they already operate while also venturing into new areas across the Midwest and Northeast. States like Michigan, New Jersey, and New York welcomed new Ross Dress for Less stores, while existing markets in California and Texas saw an increase in dd's DISCOUNTS locations.
With these new store openings, Ross Stores has fulfilled its goal of launching 90 new locations throughout 2025. “At Ross Dress for Less, we are thrilled to enhance our stores in markets that show promise for growth,” Lietz stated. He also shared a forward-looking perspective, confident that the company can achieve a target of at least 2,900 Ross Dress for Less and 700 dd's DISCOUNTS locations in the long term.
Currently, the operational count for both brands combined stands at an impressive 2,273 locations across 44 states, along with territories like Guam, the District of Columbia, and Puerto Rico. This extensive reach showcases the brand's dedication to serving its customers with quality and affordability.
Ross Stores continues to distinguish itself in the retail market by offering top-notch, designer apparel and home fashion at significant savings ranging from 20% to 60% everyday. Ross Dress for Less stands as the largest off-price apparel and home fashion retailer in the United States, while dd's DISCOUNTS provides a curated selection of moderately priced items that appeal to budget-conscious shoppers.
In fiscal year 2024, Ross Stores reported revenues of $21.1 billion, reflecting its robust business model and customer loyalty. The company's strategic expansion targets signify not just growth but also an opportunity to serve more customers year-round, reinforcing its mission to deliver exceptional value.
For more information about Ross Stores and its latest openings, customers can visit their official website at www.rossstores.com. With every new store, the company aims to bolster its commitment to offering accessible fashion to households across America, maintaining a leading position in a competitive retail landscape.
In summary, Ross Stores' effective strategy of expanding within existing markets while also exploring new regions illustrates their adaptability and customer-driven approach. As they continue to meet and exceed industry standards, the future looks bright for Ross Stores and its loyal clientele.
Topics Consumer Products & Retail）
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