Ross Stores has opened 28 Ross Dress for Less 12 dd’s DISCOUNTS locations in the US throughout September and October.
This expansion plan is a key part of the retailer’s growth initiative for fiscal 2022 – to open nearly 100 new stores during the year. After fulfilling this expansion, Ross Stores total location count is now at 2,019 stores. The retailer plans to continue to expand their physical footprint, placing an emphasis on brick-and-mortar retail.
“This fall, we opened our 2,000th store and continued to expand Ross and dd’s footprints across our existing markets as well as in our newer states. In addition to openings in California, Florida and Texas, Ross strengthened its presence in Ohio while dd’s bolstered its store base in Illinois. Looking ahead, we remain confident in our expansion plans and continue to see plenty of opportunity to grow to at least 2,900 Ross Dress for Less and 700 dd’s DISCOUNTS locations over time,” said Gregg McGillis, Group EVP of Property Development at Ross Stores.
With a recent uptick in stock, analysts are also predicting this off-price retailer will perform well into 2023.