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Ross Stores open 40 new locations

By Kristopher Fraser

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Ross Stores has announced the recent opening of 30 Ross Dress for Less and ten dd's Discounts stores across 19 different states in September and October. These new locations complete the Company's store growth plans for fiscal 2018 with the addition of 99 new stores.

"This fall, we continued to expand our Ross and dd's footprints across our existing markets as well as expansion in our newer market – the Midwest," said Jim Fassio, president and chief development officer. "We now operate nearly 1,500 Ross and over 230 dd's Discounts locations. Looking ahead, we continue to believe there is plenty of opportunity to further expand our store base for both chains given consumers' ongoing focus on value. As such, we recently updated our longer-term growth store potential to reflect our confidence that Ross can grow to 2,400 locations and dd's can become a chain of 600 stores."

Ross Stores, Inc. had 2017 revenues of 14.1 billion dollars. The company operates Ross Dress for Less, the largest off-price apparel and home fashion chain in the United States with 1,483 locations in 38 states, the District of Columbia, and Guam. The company also operates 237 dd's Discounts in 18 states that feature a more moderately-priced assortment of first-quality, in-season merchandise.

Ross has managed to avoid the retail apocalypse that has been like a blunt axe to most other department stores because of their unique business model. Customers truly have to physically pick through everything to find the best bargains, which also means the stores are heavily critiqued for being disorganized. Nevertheless, their less than ideally merchandised stores have no negative impact on their business as it continues to grow at a steady pace.

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