As of Feb 3, 2018, the company operated 1,622 stores, including 1,409 Ross Dress for Less stores in 37 states, the District of Columbia and Guam, and 213 dd’s DISCOUNTS stores in 16 states.
In fiscal 2017, the company opened 74 and closed 5 Ross stores and opened 20 net new dd's DISCOUNTS stores. The company plans to open 100 new stores in fiscal 2018, consisting of 75 Ross stores and 25 dd's DISCOUNTS stores.
As of year-end, company owned 2 stores, and the remaining stores are leased. The majority of stores had unexpired original lease terms ranging from 3 to 10 years with 3 to 4 renewal options of 5 years each. The average unexpired original lease term of leased stores is 5 years or 21 years if renewal options are included.
Stores are located predominantly in community and neighborhood shopping centers in heavily populated urban and suburban areas. The average approximate Ross store size is 28,200 square feet and the average approximate dd’s DISCOUNTS store size is 23,100 square feet, with approximately 80% of both utilized as selling space.
|Total gross square feet (M)||44,654||44,654||42,534||40,444||38,405||36,417|
|Total gross square feet growth||5.0%||5.0%||5.2%||5.3%||5.5%||5.4%|
|Avg store gross sq ft||27,500||27,500||27,700||28,000||28,200||28,500|
|Avg store gross sq ft growth||-0.8%||-0.8%||-0.8%||-0.8%||-1.2%||-0.9%|