DUBLIN, Calif., March 10, 2014 /PRNewswire/ -- Ross Stores recently opened a total of 30 Ross Dress for Less and seven dd's DISCOUNTS stores in 14 different states. These openings are part of the off-price retailer's 2014 expansion plans to continue to build presence in existing markets and grow in the newer markets initially entered in 2011.
"We remain on track to open a total of approximately 95 new locations in 2014, comprised of about 75 Ross Dress for Less and 20 dd's DISCOUNTS," said Jim Fassio, President and Chief Development Officer. "Today, Ross Dress for Less is the largest off-price apparel and home fashion chain in the U.S. Including these newest openings, Ross now operates 1,173 stores in 33 states, the District of Columbia and Guam. Long term we believe Ross can ultimately reach 2,000 locations, and continue to look for growth opportunities across all of our existing markets. Further, the planned expansion of dd's DISCOUNTS in 2014 marks the fourth consecutive year of double-digit percentage unit growth, as we continue to believe that dd's can become a 500–store chain over time."
Ross Stores, Inc. is an S&P 500, Fortune 500 and Nasdaq 100 (ROST) company headquartered in Dublin, California, with fiscal 2013 revenues of $10.2 billion. The Company operates Ross Dress for Less® ("Ross"), the largest off-price apparel and home fashion chain in the United States with 1,173 locations in 33 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 everyday savings of 20% to 60% off department and specialty store regular prices. The Company also operates 137 dd's DISCOUNTS® in ten 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 everyday savings of 20% to 70% off moderate department and discount store regular prices. Additional information is available at www.rossstores.com.
SOURCE Ross Stores, Inc.