Business
Ross Stores To Open 60 New Locations In 2021
DUBLIN, Calif., March 8, 2021 /PRNewswire/ -- Ross Stores recently opened four Ross Dress for Less® ("Ross") and three dd's DISCOUNTS® stores across five
About this update from Ross Stores, Inc.
[{"type":"text","content":"DUBLIN, Calif., March 8, 2021 /PRNewswire/ -- Ross Stores recently opened four Ross Dress for Less® (\"Ross\") and three dd's DISCOUNTS® stores across five different states in February and March. These new locations are part of the Company's plans to add approximately 60 new stores – 40 Ross and 20 dd's DISCOUNTS locations – during fiscal 2021. \n\"These recent openings reflect our ongoing plans to continue the expansion of our two chains,\" said Gregg McGillis, Group Executive Vice President, Property Development. \"We now operate a total of 1,866 Ross Dress for Less and dd's DISCOUNTS locations across 40 states, the District of Columbia, and Guam. As we look out over the long-term, we remain confident that Ross can grow to 2,400 locations and dd's DISCOUNTS can become a chain of 600 stores given consumers' ongoing focus on value and convenience.\"\nForward-Looking Statements: This press release contains forward-looking statements regarding projected sales and earnings, planned new store growth, and other financial results and market conditions in future periods that are subject to risks and uncertainties which could cause our actual results to differ materially from management's current expectations. The words \"plan,\" \"expect,\" \"target,\" \"anticipate,\" \"estimate,\" \"believe,\" \"forecast,\" \"projected,\" \"guidance,\" \"outlook,\" \"looking ahead,\" and similar expressions identify forward-looking statements. Risk factors for Ross Dress for Less® (\"Ross\") and dd's DISCOUNTS® include without limitation, the uncertainties and potential for further significant business disruptions arising from the ongoing COVID-19 pandemic, including potential distribution center and store closures and restrictions on customer access; changes in the level of consumer spending on or preferences for apparel and home-related merchandise; impacts from the macro-economic environment, financial and credit markets, geopolitical conditions, unemployment levels or public health issues (such as pandemics) that affect consumer confidence and consumer disposable income; our need to effectively manage our inventories, markdowns, and inventory shortage to achieve planned gross margins; competitive pressures in the apparel or home-related merchandise retailing industry; issues from selling and importing merchandise produced in other countries and fr...