Ross Stores to Open 40 New Locations Across 21 States

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The company announced that it will be opening 40 new locations across 21 states in the U.S. This expansion will allow Ross to better serve its customers and provide them with even more great deals on the brand name items they love. Ross Stores ($NASDAQ:ROST) is committed to providing the best possible shopping experience for its customers, and this expansion is just one more way it is delivering on that promise.

Price History

Ross Stores to Open 40 New Locations Across 21 States On Monday, ROSS STORES stock opened at $95.1 and closed at $95.7, up by 0.4% from prior closing price of 95.4. This expansion is part of Ross Stores’ ongoing effort to provide shoppers with convenient access to its brand and products. The new Ross Stores will be located in California, Florida, Georgia, Illinois, Indiana, Michigan, Nevada, New Jersey, New York, North Carolina, Ohio, Pennsylvania, South Carolina, Texas, and Virginia. Ross Stores is committed to providing customers with great values on quality products and brands.

The company offers a wide variety of merchandise, including apparel, home décor, shoes, and more. Ross Stores’ expansion into new markets will allow even more shoppers to enjoy its products and services.

VI Analysis

The company’s fundamentals reflect its long term potential, below analysis on ROSS STORES are made simple by VI app. The app highlights the company’s strengths in its business and financial areas. According to VI Risk Rating, ROSS STORES is a low risk investment in terms of financial and business aspects.

The app takes into account the company’s financial stability and its ability to generate positive cash flows. Register with us to check out the business and financial areas with potential risks.

VI Peers

Though it may not seem like it at first, the retail industry is actually fiercely competitive. This is especially true for those in the discount retail sector, where companies like Ross Stores Inc. must compete with the likes of Burlington Stores Inc, Kohl’s Corp, and Chiyoda Co Ltd. In order to stay ahead, Ross Stores Inc. has to offer low prices and a good selection of merchandise.

– Burlington Stores Inc ($NYSE:BURL)

Burlington Stores Inc is an American off-price department store retailer, headquartered in Burlington, New Jersey. It was founded in 1972 and has grown to operate over 700 stores in 45 states and Puerto Rico. The company offers a wide variety of merchandise, including clothing, shoes, accessories, home décor, and more. Burlington Stores Inc has a market cap of 9.89B as of 2022. The company’s return on equity is 28.14%. Burlington Stores Inc is a publicly traded company on the New York Stock Exchange (NYSE) under the ticker symbol “BURL.”

– Kohl’s Corp ($NYSE:KSS)

Kohl’s Corp is a publicly traded company with a market cap of 3.66B as of 2022. The company has a return on equity of 16.46%. Kohl’s Corp is a retail company that operates department stores in the United States. The company was founded in 1962 and is headquartered in Menomonee Falls, Wisconsin.

– Chiyoda Co Ltd ($TSE:8185)

Chiyoda Co Ltd is a Japanese engineering company. The company has a market cap of 26.54B as of 2022 and a Return on Equity of -2.63%. The company provides engineering, procurement, and construction services for the oil, gas, chemicals, power, and other industries.

Summary

The company has been investing in new store locations across the United States. This expansion will help the company continue to grow and reach new customers. Ross Stores is a great company to invest in for several reasons.

First, the company has a proven track record of success. The company has a strong brand and a large customer base. Finally, Ross Stores has a solid growth strategy. The company is investing in new store locations and is committed to expanding its reach.