Ross Stores Opens 18 New Locations; Co Targeting ~90 Openings In 2024
Portfolio Pulse from Benzinga Newsdesk
Ross Stores, Inc. has opened 18 new stores across 11 states, including 11 Ross Dress for Less and seven dd's DISCOUNTS locations. This expansion is part of their plan to open approximately 90 new stores in fiscal 2024, aiming for a total of 75 Ross and 15 dd's DISCOUNTS stores. The company now operates 2,127 locations nationwide and has a long-term goal of reaching 2,900 Ross and 700 dd's DISCOUNTS stores, driven by consumer demand for value and convenience.
March 11, 2024 | 12:33 pm
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Ross Stores, Inc. announces the opening of 18 new stores and plans to open approximately 90 new stores in fiscal 2024, indicating a strong expansion strategy and confidence in long-term growth.
The opening of new stores and the announcement of further expansion plans for fiscal 2024 demonstrate Ross Stores' aggressive growth strategy and its ability to capitalize on consumer demand for value and convenience. This expansion is likely to contribute positively to the company's revenue and profitability, making it an attractive prospect for investors. The confidence in reaching a long-term goal of 2,900 Ross and 700 dd's DISCOUNTS stores further underscores the company's growth potential.
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