ROSS CONTINUES EXPANSION WITH THE OPENING OF 17 STORES
MWN-AI** Summary
Ross Stores, Inc. is accelerating its expansion efforts with the recent opening of 17 new locations across the United States, including 13 Ross Dress for Less stores and four dd's DISCOUNTS outlets. These stores are set in 11 different states and mark the beginning of the company's fiscal 2026 growth strategy, which aims to add approximately 110 new stores in total this year. Richard Lietz, Executive Vice President of Property Development, expressed enthusiasm about the expansion, highlighting its potential to provide value to customers and create jobs in local communities.
The newly established Ross stores enhance the company's presence in various regions, including the Mountain, Midwest, and Northeast areas, while also solidifying its footprint in key Sunbelt states. Similarly, the dd's DISCOUNTS stores focus on core markets like California and Texas, with the brand’s debut location in Utah. To celebrate each opening, Ross Stores has continued its philanthropic commitment by donating to local Boys & Girls Clubs or literacy programs such as First Book, reinforcing the company’s dedication to supporting underprivileged youth.
Looking ahead, Lietz conveyed confidence in the company's long-term growth trajectory, projecting 2,900 Ross locations and 700 dd's DISCOUNTS stores nationwide in the future. With revenues of $22.8 billion in fiscal 2025, Ross Stores remains a leader in the off-price retail sector, operating nearly 2,300 total stores across the U.S. The expansion aligns with its mission to offer high-quality apparel and home products at significant discounts, confirming the brand's continued success within the competitive retail landscape. For more details, consumers can visit the Ross Dress for Less and dd's DISCOUNTS websites.
MWN-AI** Analysis
In March 2026, Ross Stores, Inc. showcased its growth trajectory with the opening of 17 new stores, a significant move in its strategy to establish a stronger national presence. This expansion comes on the heels of robust performance in 2025 and aligns with the company’s goal to launch approximately 110 new locations—comprising 85 Ross Dress for Less and 25 dd's DISCOUNTS—by the end of fiscal 2026. This accelerated growth presents several investment insights and opportunities.
Firstly, the expansion into various regions, including key markets in the Mountain, Midwest, and Northeast areas, signifies a calculated approach to capturing market share in demographics with burgeoning demand for off-price retail. Investors should take this as an indicator of Ross’s strategic positioning during uncertain economic climates, where consumers often seek value-oriented shopping options. As inflationary pressures continue affecting consumer spending patterns, Ross is poised to benefit from increased traffic and sales.
Second, Ross's commitment to community engagement through donations to local organizations as part of their store openings not only enhances brand reputation but also strengthens customer loyalty. This community-focused approach, combined with their competitive pricing model that consistently offers discounts of 20% to 70%, could further drive foot traffic and improve sales metrics.
Lastly, from a financial perspective, investors should closely monitor Ross's ability to manage costs associated with expansion, particularly in real estate and labor, as these factors directly impact profitability margins. The company’s ambitious goal of reaching 2,900 Ross and 700 dd's DISCOUNTS locations signals confidence in long-term growth potential; however, it also necessitates vigilant capital allocation strategies to avoid overextension.
In summary, Ross Stores, Inc. presents a compelling investment case. Its steady expansion, community engagement, and the strategic focus on value shopping align well with current consumer trends, encouraging potential investors to consider ROST favorably as part of their portfolio.
**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.
PR Newswire
EXPECTS 110 LOCATIONS IN 2026
DUBLIN, Calif., March 9, 2026 /PRNewswire/ -- Ross Stores, Inc. (Nasdaq: ROST) announced the grand opening of 17 new stores nationwide during February and March, including 13 Ross Dress for Less® ("Ross") and four dd's DISCOUNTS® locations across 11 states. These openings represent the first wave of the Company's fiscal 2026 expansion plan to add approximately 110 new stores – about 85 Ross and 25 dd's DISCOUNTS – for a total unit growth of 5% this year.
"We are thrilled to kick off our 2026 expansion with new stores that bring great value to our customers and new jobs to communities across the country," said Richard Lietz, Executive Vice President, Property Development. "Following strong new store performance in 2025, these openings build on that momentum. We expanded Ross Dress for Less in the Mountain, Midwest, and Northeast regions while also strengthening our presence in key Sunbelt states. For dd's, we added new stores in our core markets of California and Texas, as well as our inaugural location in Utah."
In celebration of each opening and in keeping with the Company's longstanding commitment to supporting underprivileged youth, the Company made a donation to a local Boys & Girls Club or a First Book literacy partner. These contributions help deliver safe, supportive programming, reinforcing the Company's belief that strong communities start with strong opportunities for young people.
"Looking forward, we remain confident in our long-term growth potential and see a clear path to 2,900 Ross locations and 700 dd's DISCOUNTS stores across the country," said Mr. Leitz.
For more information on these new openings, please visit Ross Dress for Less Grand Openings and dd's DISCOUNTS Grand Openings.
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 2025 revenues of $22.8 billion. Currently, the Company operates Ross Dress for Less® ("Ross"), the largest off-price apparel and home fashion chain in the United States with 1,917 locations in 44 states, the District of Columbia, Guam, and Puerto Rico. Ross offers first-quality, in-season, 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 366 dd's DISCOUNTS® stores in 23 states that feature a more moderately-priced assortment of first-quality, in-season 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 |
Senior Vice President, Investor & Media Relations | |
(925) 965-4668 | |
SOURCE Ross Stores, Inc.
FAQ**
How will the opening of new stores by Ross Stores Inc. (ROST) impact its revenue and profit margins in the short and long term?
What specific strategies does Ross Stores Inc. (ROST) have in place to ensure successful performance for the new locations added in its fiscal 20expansion?
How does Ross Stores Inc. (ROST) plan to maintain competitiveness in the off-price retail market with the addition of approximately 110 new stores this fiscal year?
What metrics will Ross Stores Inc. (ROST) use to evaluate the success of the new store openings and their contributions to the overall growth strategy?
**MWN-AI FAQ is based on asking OpenAI questions about Ross Stores Inc. (NASDAQ: ROST).
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