ROSS 'DRESS FOR LESS' OPENS IN LOS ANGELES
ROSS 'DRESS FOR LESS' OPENS IN LOS ANGELES NEWARK, Calif., March 9 /PRNewswire/ -- Ross 'Dress For Less'
(NASDAQ: ROST) will grand-open its newest store on Sunday, March 15, in Los Angeles. It is one of eight new stores opening throughout the country this spring, as Ross continues its nationwide expansion.
The 27,400 square foot store is located in the former Henshey's space in Ladera Center at the junction of Centinela Ave., La Tijera and La Cienaga boulevards in Los Angeles. The 185,000 square foot center is a convenient destination for one-stop shopping, with co- tenants that include Ralph's Supermarket, Service Merchandise, Sav-On Drugs, Clothestime, Kids Mart and Payless Shoes. Ross is committed to increasing market share in existing markets, as demonstrated by its continued growth in the Los Angeles metropolitan area. With the new Los Angeles store, Ross will maintain its dominant position in this market, where it will now operate a total of 42 stores. In addition, Ross will now have 95 stores throughout California. In commenting on this important new location, Norman A. Ferber, president and chief executive officer, stated, "Our strategy of offering competitive values on recognizable quality name brand merchandise worked well during 1991, in spite of the tough economic environment. These results give us the confidence to launch our 1992 expansion program, which includes our newest store in Los Angeles. We believe our emphasis on brands and savings will continue to attract value-conscious customers throughout the country, and support our plans for growth during the coming years." Seven other new Ross 'Dress For Less' stores are opening this spring in the Tampa, Washington, El Paso and Los Angeles markets. With these new openings, Ross will operate 211 stores in 18 states coast-to-coast. Ross Stores Inc. generated sales of $930 million in its 1991 fiscal year. The off-price retailer offers first quality, in-season, branded apparel and footwear for the entire family at 20 to 60 percent less than department and specialty store prices, as well as complete departments for accessories and fragrances at similar savings. -0- 3/9/92 /CONTACT: Katie Loughnot of Ross Stores Inc., 510-505-4509/ (ROST) CO: Ross Stores Inc. ST: California IN: REA SU: PDT
RF -- SF005 -- 6342 03/09/92 11:05 EST
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|Date:||Mar 9, 1992|
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