Ross Stores opens 18 new stores as it targets 90 openings in 2024

Ross Stores, Inc. has ramped up its expansion plans as the off-price retailer continues to strengthen its retail footprint. Throughout February and March, 18 new stores were opened across the United States.

The company opened 11 Ross Dress for Less and seven dd's Discounts stores in 11 different states earlier this year, part of Ross Stores' plan to open roughly 90 new stores throughout its fiscal year 2024.

"This Spring, we continued to expand the store base of both Ross and dd's Discounts. Specifically for Ross, we expanded our presence in the newer markets of Michigan and New York, while dd's growth primarily focused on existing markets of California, Florida, and Texas," said Gregg McGillis, group executive vice president of property development at Ross Stores, in a statement.

"We now operate a total of 2,127 Ross Dress for Less and dd's Discounts locations across 43 states, the District of Columbia, and Guam. As we look out over the long term, we remain confident that Ross can grow to 2,900 locations and dd's Discounts can become a chain of 700 stores given consumers' ongoing focus on value and convenience."

The news comes as Ross Stores reported fiscal 2023 revenues of 20.4 billion USD as it remains the largest off-price apparel and home fashion retail chain in the United States, with 1,775 locations in 43 states, the District of Columbia, and Guam.