The Latest from SREG

Unique, people-first culture, and how SREG is redefining the industry

Ross Stores to open 60 new stores this year

Wednesday, Mar 10, 2021

Ross Stores, Inc. has initiated a major growth push for 2021. The off-price retail chain has recently opened four Ross Dress for Less stores and three dd’s DISCOUNTS stores across five different states. These new locations are part of the company’s larger initiative to add approximately 60 new stores during fiscal 2021. Ross will expand their footprint with 40 Dress for Less stores and 20 dd’s DISCOUNTS stores.

“These recent openings reflect our ongoing plans to continue the expansion of our two chains. We now operate a total of 1,866 Ross Dress for Less and dd’s DISCOUNTS locations across 40 states, the District of Columbia, and Guam. As we look out over the long-term, we remain confident that Ross can grow to 2,400 locations and dd’s DISCOUNTS can become a chain of 600 stores given consumers’ ongoing focus on value and convenience,” said Gregg McGillis, Group Executive Vice President, Property Development.

The company opened 39 brick-and-mortar stores in the height of the pandemic during 2020. Ross currently has over 1,600 locations across 39 states in the US.

Source: Ross Stores Press Release 3/8/21
Photo Credit: Wikipedia

About Ross Stores, Inc.
Ross Stores, Inc. is an S&P 500, Fortune 500, and Nasdaq 100 (ROST) company headquartered in Dublin, California, with fiscal 2019 revenues of $16.0 billion. Currently, the company operates “Ross Dress for Less” (“Ross”), the largest off-price apparel and home fashion chain in the United States with 1,565 locations in 39 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 operates 266 dd’s DISCOUNTS in 20 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.

SREG's Insight, Expertise & Experience

Find out how SREG's unparalleled level of service, unprecedented expertise, and in-depth industry insight can transform your assets and create significant real estate value.

Subscribe to SREG's The Deal

Your privacy is extremely important to us. We will not share, sell or distribute your information outside our company.

Subscribe to SREG's The Deal

Your privacy is extremely important to us. We will not share, sell or distribute your information outside our company.