Ross Stores Opens 34 New Locations
Added 93 Total Stores in 2016
DUBLIN, Calif., Oct. 10, 2016 /PRNewswire/ -- Ross Stores today announced the opening of 25 Ross Dress for Less® ("Ross") and nine dd's DISCOUNTS® stores across 16 different states in September and October. These new locations round out the Company's 2016 expansion plans to add approximately 90 locations during the year.
"We entered two new states in October, with stores in North and South Dakota, and continued to expand dd's DISCOUNTS by opening its first location in Colorado," said Jim Fassio, President and Chief Development Officer. "This opening group completes our 2016 store growth plans. Looking ahead, we continue to see plenty of opportunity to expand our store base across both new and existing markets, and remain confident that over the long-term, 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 2015 revenues of $11.9 billion. Currently, the Company operates Ross Dress for Less, the largest off-price apparel and home fashion chain in the United States with 1,342 locations in 36 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 193 dd's DISCOUNTS 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% off moderate department and discount store regular prices every day. Additional information is available at www.rossstores.com.
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SOURCE Ross Stores, Inc.