Part of 2017 Store Expansion Plans to Open Approximately 90 New Stores
DUBLIN, 2017-Jul-20 — /EPR Retail News/ — Ross Stores announces the recent opening of 21 Ross Dress for Less® (“Ross”) and seven dd’s DISCOUNTS® stores across 15 different states in June and July. These new locations are part of the Company’s plans to add approximately 70 Ross and 20 dd’s locations in 2017.
“With this opening group, we continued to expand Ross and dd’s in both new and existing markets. Ross grew in its newest market – the Midwest – as well as existing markets, including California, Texas, and Florida. And in June, dd’s opened its 200th location and expanded into its newest state of Pennsylvania,” said Jim Fassio, President and Chief Development Officer. “Looking ahead, we remain confident in our expansion plans and continue to see plenty of opportunity to grow across all of our markets. We continue to believe that over the long-term, Ross can grow to 2,000 locations and dd’s 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 $12.9 billion. Currently, the Company operates Ross Dress for Less, the largest off-price apparel and home fashion chain in the United States with 1,384 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 205 dd’s DISCOUNTS® in 16 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. Additional information is available at www.rossstores.com.
Vice President, Investor & Media Relations
SOURCE Ross Stores, Inc.