ROSS STORES OPENS 19 NEW LOCATIONS

Rhea-AI Summary

Ross Stores (ROST) has announced the opening of 19 new locations in March 2025, including 16 Ross Dress for Less® and three dd's DISCOUNTS® stores across 14 states. The expansion is part of the company's fiscal 2025 plan to add approximately 90 new stores (80 Ross and 10 dd's DISCOUNTS locations).

Ross expanded its presence in newer markets including Connecticut, Minnesota, New Jersey, and New York, while dd's DISCOUNTS focused on existing markets in California, Georgia, and Texas. The company now operates a total of 2,205 locations across 44 states, DC, and Guam, comprising 1,847 Ross and 358 dd's DISCOUNTS stores.

With fiscal 2024 revenues of $21.1 billion, Ross Stores maintains a long-term growth target of 2,900 Ross locations and 700 dd's DISCOUNTS stores, driven by consumer focus on value and convenience.

Positive

• Aggressive store expansion with 19 new locations opened in March 2025
• Clear growth trajectory with plans for 90 new stores in fiscal 2025
• Strong fiscal 2024 performance with $21.1 billion in revenue
• Strategic market expansion into new territories
• Significant long-term growth potential with targets of 2,900 Ross and 700 dd's locations

Negative

• None.

TARGETING APPROXIMATELY 90 OPENINGS IN 2025

DUBLIN, Calif., March 10, 2025 /PRNewswire/ -- Ross Stores, Inc. opened 16 Ross Dress for Less^® ("Ross") and three dd's DISCOUNTS^® stores in 14 different states in March. These new locations are part of the Company's plans to add approximately 90 new stores, comprised of about 80 Ross and 10 dd's DISCOUNTS, during fiscal 2025. 

"This Spring, we continued to expand the store base of both Ross and dd's. Specifically for Ross, we expanded our presence in the newer markets of Connecticut, Minnesota, New Jersey, and New York, while dd's growth primarily focused on existing markets of California, Georgia, and Texas," said Richard Lietz, Executive Vice President, Property Development. "We now operate a total of 2,205 Ross Dress for Less and dd's DISCOUNTS locations across 44 states, the District of Columbia, and Guam. As we look out over the long term, we remain confident that Ross can grow to 2,900 locations and dd's DISCOUNTS can become a chain of 700 stores given consumers' ongoing focus on value and convenience."

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 2024 revenues of $21.1 billion. Currently, the Company operates Ross Dress for Less^® ("Ross"), the largest off-price apparel and home fashion chain in the United States with 1,847 locations in 44 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 358 dd's DISCOUNTS^® in 22 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.

Contact:	Connie Kao
	Group Vice President, Investor & Media Relations
	(925) 965-4668
	connie.kao@ros.com

 

View original content:https://www.prnewswire.com/news-releases/ross-stores-opens-19-new-locations-302396109.html

SOURCE Ross Stores, Inc.

FAQ

How many new stores did Ross Stores (ROST) open in March 2025?

Ross Stores opened 19 new locations in March 2025, consisting of 16 Ross Dress for Less and 3 dd's DISCOUNTS stores across 14 states.

What is Ross Stores' (ROST) total store count as of March 2025?

Ross Stores operates 2,205 total locations, including 1,847 Ross Dress for Less and 358 dd's DISCOUNTS stores across 44 states, DC, and Guam.

What are Ross Stores' (ROST) expansion plans for fiscal 2025?

Ross Stores plans to add approximately 90 new stores in fiscal 2025, including 80 Ross Dress for Less and 10 dd's DISCOUNTS locations.

What is Ross Stores' (ROST) long-term store growth target?

Ross Stores aims to grow to 2,900 Ross Dress for Less locations and 700 dd's DISCOUNTS stores in the long term.

What was Ross Stores' (ROST) revenue for fiscal 2024?

Ross Stores reported revenues of $21.1 billion for fiscal 2024.