Ross Stores announced the opening of 19 Ross Dress for Less ("Ross") and 8 dd's Discounts stores across 15 different states in July. These new locations are part of the off-price retailer's 2015 expansion plans to add a total of approximately 90 stores during the year, including 70 Ross and 20 dd's Discounts.
Jim Fassio, President and Chief Development Officer, commented, "These recent openings reflect our ongoing strategy of targeting growth in both established regions and newer markets that we began to enter in 2011. The 27 locations we added this month include eight new stores in our newer Midwest markets of Illinois, Kentucky, Indiana, and Kansas. Looking ahead, we continue to see significant expansion opportunities throughout the country, and remain confident that Ross Dress for Less can grow to 2,000 locations and dd's Discounts 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 2014 revenues of 11.0 billion dollars. Currently, the Company operates Ross Dress for Less, the largest off-price apparel and home fashion chain in the United States with 1,260 locations in 33 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 percent off department and specialty store regular prices every day.
The Company also currently operates 165 dd's Discount in 15 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 percent off moderate department and discount store regular prices every day.
Source: Ross Stores
