ROSS 'DRESS FOR LESS' OPENS FOUR NEW STORES
ROSS 'DRESS FOR LESS' OPENS FOUR NEW STORES NEWARK, Calif., Oct. 22 /PRNewswire/ -- Ross Stores Inc.
(NASDAQ: ROST) announced today that it will grand open four new Ross 'Dress For Less' stores in California and Texas on Sunday, Nov. 1, completing its expansion program for 1992.
In commenting on these developments, Norman A. Ferber, president and chief executive officer, stated, "During 1992, we have opened 23 prime locations, strategically targeted in existing markets to strengthen our competitive position. We now operate over 100 stores in California, our largest state, and have a total of 225 stores in 18 states coast to coast." Three new stores will open in California, two in the San Francisco Bay Area and one in San Diego. Ross will now operate 104 stores throughout California, strengthening Ross Stores' position as the dominant off-price retailer in the state. The fourth new Ross will open this month in Arlington, Texas, where Ross will now have 16 locations throughout the state. All new stores opening this month and going forward include a new department at Ross called "Home Accents." It features a wide selection of gift items for the home, such as china, crystal, glassware, ceramics, framed art and picture frames, at competitive everyday discounts. Home Accents will be in over 60 Ross locations across the country in early November, and will expand to about 150 stores by the end of 1993. Ross Stores Inc. generated sales of $930 million in its 1991 fiscal year and will pass the billion dollar mark in fiscal 1992. The off-price retailer offers first quality, in-season, branded apparel and footwear for the entire family at 20 percent to 60 percent less than department and specialty stores. -0- 10/22/92 /CONTACT: Katie Loughnot, manager, Corporate Communications, of Ross Stores, 510-505-4509/ (ROST) CO: Ross Stores Inc. ST: California, Texas IN: REA SU: PDT
TM -- SF004 -- 3308 10/22/92 08:39 EDT
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|Date:||Oct 22, 1992|
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