Ross Dress for Less to Open a New Store in Wasco, California

Rhea-AI Impact

(Low)

Rhea-AI Sentiment

(Neutral)

Rhea-AI Summary

Ross Stores will open a new store in Wasco, California on March 4, 2023. This 18,000 square foot store is located at Barker Square Shopping Center, positioned at the intersection of Highway 46 and Peters Street. Currently, Ross and dd's DISCOUNTS operate over 2,000 stores across 40 states, the District of Columbia, and Guam. In fiscal 2022, Ross Stores generated revenues of $18.7 billion. The company is recognized as the largest off-price apparel and home fashion chain in the United States, offering significant savings on quality name brand products.

Positive

Opening new store in Wasco, expanding retail presence.
Fiscal 2022 revenues reached $18.7 billion, indicating solid financial performance.
Operates over 2,000 stores, showcasing strong market presence.

Negative

None.

News Market Reaction

+0.31%

1 alert

+0.31% News Effect

On the day this news was published, ROST gained 0.31%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

03/02/2023 - 08:30 AM

Dublin, California, March 2, 2023 – Ross Dress for Less^® ("Ross") will open a new store in Wasco on March 4, 2023. The 18,000 square foot store is located in Barker Square Shopping Center, at the southwest corner of Highway 46 and Peters Street.

Together, Ross Dress for Less and dd's DISCOUNTS^® currently operate over 2,000 off-price apparel and home fashion stores in 40 states, the District of Columbia, and Guam.

Ross Stores, Inc. is an S&P 500, Fortune 500, and Nasdaq 100 (ROST) company headquartered in Dublin, California, with fiscal 2022 revenues of $18.7 billion. The Company operates Ross Dress for Less^® ("Ross"), the largest off-price apparel and home fashion chain in the United States in 40 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 dd's DISCOUNTS^® in 21 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.