ROSS STORES OPENS 40 NEW LOCATIONS
Rhea-AI Summary
Ross Stores (Nasdaq: ROST) completed its fiscal 2025 store expansion by opening 36 Ross Dress for Less and 4 dd's DISCOUNTS locations in September and October, bringing the year's net additions to 90 new stores. The company now operates 2,273 locations across 44 states, D.C., Guam, and Puerto Rico and reported fiscal 2024 revenues of $21.1 billion. Management reiterated long‑term expansion targets of at least 2,900 Ross and 700 dd's locations, and highlighted new market entries in Michigan, New Jersey, and New York.
Positive
- Completed fiscal 2025 expansion with 90 new stores
- Total store footprint of 2,273 locations
- Fiscal 2024 revenue $21.1B
- Company set targets of ≥2,900 Ross and 700 dd's locations
Negative
- Ross currently at 1,909 Ross locations versus target of 2,900
- dd's at 364 locations versus target of 700
Insights
Ross completed its fiscal 2025 expansion, opening 40 stores and reaching 90 net openings for the year.
Ross Stores completed its stated store growth for
Primary dependencies and risks include execution of new-store productivity and local market performance; these facts determine whether the incremental locations drive sales growth or dilute existing store productivity. The company’s stated longer-term targets (≥ 2,900 Ross Dress for Less and 700 dd's DISCOUNTS) are monitorable expansion goals to watch over coming years.
COMPLETES 2025 STORE GROWTH PLANS
"This fall, we continued to strengthen our brand presence by opening stores in existing markets and expanding in new markets," said Richard Lietz, Executive Vice President, Property Development. "At Ross Dress for Less, we were excited to add locations in the Midwest as well as the Northeast, with new stores in
Together, Ross Dress for Less and dd's DISCOUNTS currently operate a total of 2,273 locations in 44 states, the
About Ross Stores, Inc.
Ross Stores, Inc. is an S&P 500, Fortune 500, and Nasdaq 100 (ROST) company headquartered in
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Contact : |
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Connie Kao |
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Senior Vice President, Investor & Media Relations |
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(925) 965-4668 |
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View original content:https://www.prnewswire.com/news-releases/ross-stores-opens-40-new-locations-302581228.html
SOURCE Ross Stores, Inc.