Ross Stores has opened 30 Ross Dress for Less® retail locations and nine dd’s DISCOUNTS® retail locations throughout 17 states in October, marking the completion of its store growth plans for fiscal 2020, according to a Monday (Oct. 26) announcement.
Ross Stores Inc. runs Ross Dress for Less, which it says is the biggest discount clothing and home fashion chain domestically, with almost 1,600 stores in 40 states, Guam and D.C. Ross provides home fashions, shoes, accessories and clothing at savings between 20 percent and 60 percent off department and specialty store regular prices.
In addition, the company runs 275 dd’s DISCOUNTS® in 21 states, which showcase a lower-priced collection of home fashions, shoes, accessories and clothing at savings of between 20 percent and 70 percent off moderate department and off-price store regular prices.
“We remain committed to growing our Ross and dd’s footprints across our existing markets as well as expansion into our newer markets. We added a total of 12 stores to our largest markets of California, Texas and Florida, while opening two stores in Ross’ newest midwestern state, Ohio,” said Gregg McGillis, group executive vice president of property development.
Ross Stores, Inc., which is based in California, earned $16 billion in fiscal 2019 revenues. After the pandemic, the chain took a big hit due to its lack of an eCommerce channel. While its competitors were able to post some online revenue as their stores were closed due to the pandemic, the 1,483-store discount chain pitched a virtual shutout for Q2. Total sales for the period were $2.7 billion for the quarter, down from $4.0 billion in the second quarter of 2019.
In separate off-price retail news, Dollar General has unveiled its new “popshelf” retail store concept that will provide party goods and home décor, among other items, with approximately 95 percent of products priced at $5 and below. Each 9,000-square-foot popshelf shop is focused on offering continually updated items, limited-time merchandise and seasonal specials. In addition, the locations will provide a crossover collection of Dollar General’s private labels. Two communities located near Nashville, Tennessee are the expected locations of the first two stores for the concept. Plans are in place to have approximately 30 stores in various markets prior to the end of fiscal year 2021. The stores will first seek to serve female shoppers residing in diverse suburban areas with a household annual income ranging from $50,000 to $125,000.
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