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While some retail chains such as Bed Bath & Beyond and Party City are shrinking the number of stores they have, Ross is opening stores at a fast pace. The company is bucking a lot of trends during the down economy, rolling through expansion plans in 2023 by opening dozens of new Ross Dress for Less and dd’s Discounts stores nationwide.
The discount department store, whose Ross reopening sales were the hit of the pandemic era, have continued to have success in sales — even in the midst of high inflation, rising unemployment, and other economic pressures.
So where are these Ross stores opening? How many can you expect? We’ll tell you what you need to know.
Ross is planning to open about 100 new stores in 2023.
In February and March 2023, Ross opened 11 new Ross Dress for Less and eight dd’s Discounts stores in 13 different states. This is the beginning of Ross Stores, Inc’s plans to open about 100 new stores in 2023 — including 75 Ross stores and 25 dd’s Discounts stores.
No telling yet where the new stores will be — but they are expanding into new states.
Although Ross hasn’t said where their new stores will be located — or what the timeline of openings will be — they opened the first 19 stores in existing markets such as California, Texas, and Florida, while opening their first store in Wisconsin.
The expansion is happening as Ross outperforms the general retail market; they reported $5.21 billion in sales in the last three months of 2022 — up from about $5 billion in 2021.
Ross has a goal of 3,600 stores nationwide.
Last fall Ross reached a milestone by opening 2,000 physical stores between dd’s stores and Ross Dress for Less stores. As of now, Ross currently operates 1,704 Ross Dress for Less locations and 330 dd’s Discounts stores in 40 states — a total of 2,034 locations.
With the 100 new locations coming in 2023, there will be 5% more stores by the end of the year.
But that’s just the beginning; a Ross executive went on record recently saying the company is looking to grow to 2,900 locations plus 700 dd’s Discounts locations in the coming years.
Ross was opening new stores while lots of stores were closing and going bankrupt in 2020.
Ross Stores opened 30 new Ross Dress for Less locations and nine dd’s Discounts stores in 17 different states just in the month of October 2020, celebrating a rare bit of good news in the retail world. That was just a part of the 66 new stores they opened in 2020.
Visit your new Ross store on Monday afternoons.
Every Sunday Ross store managers receive the weekly markdown list from headquarters. Markdown departments will vary from one week to another but are generally the same nationwide. Most departments are marked down about once per month.