Ross Stores to Open 40 More Stores

More Buy List news today. Ross Stores (ROST) said it’s opening 40 new locations. Specifically, that’s 28 Ross Dress for Less stores and 12 dd’s Discount stores. Ross now runs 2,019 stores. These new locations complete the Company’s store growth plans for fiscal 2022 with the addition of 99 new stores.

“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,” said Gregg McGillis, Group Executive Vice President, Property Development. “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.”

Ross should report fiscal Q3 earnings in about three weeks. Wall Street expects 80 cents per share.

Posted by on October 31st, 2022 at 8:39 am


The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.