Ross Dress For Less coming to Long Island as off-price retailer pushes into new areas (2024)

Ross Dress for Less is planning to make its Long Island debut, as the off-price retailer continues its push into new markets.

Ross, which opened its first New York State stores last year, plans to open a location in the village of Hempstead.

The store is planned for Hempstead Village Commons, at 320 Peninsula Blvd., said Joseph Simone Jr., superintendent of the village’s building department.

The shopping center’s owner, Woodmere-based real estate developer Basser-Kaufman, submitted to the village in June building plans for exterior and interior alterations to convert a former Pep Boys store to a Ross, he said.

WHAT TO KNOW

  • Ross Dress for Less plans toenter the Long Island market.
  • The off-price retailer willopen a store inHempstead Village Commons, at 320 Peninsula Blvd.
  • Last year, Ross entered New York State, where it now hassixstores, all of which are upstate.The retailer plans to open a store in Vestal, in Broome County, in the fall.

Following approval by the village’s planning board and building department, a building permit was issued July 23 to renovate a 20,000-square-foot space for a Ross store, Simone said.

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Basser-Kaufman declined to comment.

Dublin, California-based Ross Stores Inc. declined to provide details on itsplans for aHempstead store, so it is unclear when the store will open.The company also declined to comment onwhether it is pursuingany otherLong Island locations.

"We have not announced any new stores in Long Island," aspokeswoman said in an email.

The average new Ross store employs about 40 full- and part-time workers, she said.

Inflation boosting off-price segment

Ross is the largest off-price clothing and home goods retailer in the United States, with 1,795 stores in 43 states; Washington, D.C.; and Guam. The retailer’s sister chain, DD’s Discounts, has 353 stores in 22 states.

Ross Stores’ goal is to eventually expand Ross to about 2,900 locations and DD’s to approximately 700 stores, according to the company’s 2023 annual report.

The company is adding about 90 new stores — 75 Ross and 15 DD’s locations — across multiple states during fiscal 2024.

The first Ross stores in Michigan and Minnesota opened last year, while the chain expanded its presence in core markets, including California, Florida and Texas.

There are now six Ross stores in New York, all of which are upstate, and the retailer plans to open a store in Vestal, in Broome County, in the fall.

Ross stores are about 27,000 square feet in size on average, according to the company.

Opening about 90 stores annually for the last 10 years, Ross Stores’ growth plan bodes well for the company, given inflation’s impact on price-conscious consumers in recent years, said Noah Rohr, consumer equity research analyst at Morningstar Research Services LLC, a financial services firm in Chicago.

Ross Stores performs well financially, with sales at stores open at least one year increasing by 5% in fiscal 2023 and 3% in the first quarter of this fiscal year, Rohr said.

Most of the company’s sales growth is being driven by actual increases in the volume of merchandise sold, not just price increases, he said.

“I think the company is positioned pretty well for a tighter economic environment,” he said.

Off-price retailers in general, including Burlington, TJ Maxx and Marshalls, are gaining market share, in part, because over the last 20 years, they’ve removed the stigma that off-price stores offer bottom-of-the-barrel merchandise, said Simeon Siegel, managing director of equity research in the Manhattan office of BMO Capital Markets, a Toronto-based financial services provider.

“That and the fact that [full-price] department stores are under pressure mean that off-price becomes a destination instead of a … collection of mistakes,” he said.

Ross’ target customers are mostly from middle-income households, while DD’s target customers generally have more moderate incomes than those of typical Ross customers, according to a Ross Stores investors report.

Ross Stores’ net income in the fiscal first quarter, which ended May 4, was $488 million, up from $371 million in the same period a year earlier.

The company’s total sales grew 8% to $4.9 billion.

The company’s overall sales were respectable in the first quarter but there are concerns about inflation putting pressure on low-to-moderate income customers’ discretionary spending, Barbara Rentler, Ross Stores’ chief executive officer, told analysts during an earnings call in May.

“As a result, it’s more important than ever that we remain focused on delivering the best branded values that we can possibly offer. In addition, we'll continue to manage inventory expenses tightly in order to maximize sales and earnings growth over the balance of the year,” she said.

Ross Dress For Less coming to Long Island as off-price retailerpushes into new areas (1)

By Tory N. Parrish

tory.parrish@newsday.com

ToryParrish1

Tory N. Parrish covers retail and small business for Newsday. She has worked at the Pittsburgh Tribune-Review and Observer-Dispatch in Utica, N.Y.

Ross Dress For Less coming to Long Island as off-price retailer pushes into new areas (2024)

FAQs

Is Ross Dress for Less coming to Long Island, NY? ›

Ross Dress for Less plans to enter the Long Island market. The off-price retailer will open a store in Hempstead Village Commons, at 320 Peninsula Blvd. Last year, Ross entered New York State, where it now has six stores, all of which are upstate.

What is the purpose of Ross Dress for Less? ›

Welcome to Ross Dress for Less

Since 1982, our focus has been on bringing our customers a constant stream of high-quality department and specialty store brands at extraordinary savings (aka bargains) while providing an easy, fun and organized shopping experience.

Is Ross an off-price retailer? ›

It is the largest off-price retailer in the U.S.; as of July 2024, Ross operates 1,795 stores in 43 U.S. states, the District of Columbia and Guam, covering much of the country, but with no presence in New England, Alaska, and areas of the Midwest.

What is Ross Dress for Less mission statement? ›

In addition to fulfilling our mission of offering customers the best name-brand bargains possible, we aim to empower our Associates, operate in ways that reduce our environmental impact, and give back to the communities where we conduct business.”

Where does Ross Dress for Less get their clothes from? ›

The majority of the apparel, footwear, accessories and home-related merchandise sold in our stores is purchased from suppliers after they have been produced and imported to other retailers' specifications.

Why are items cheaper at Ross? ›

The brand, which first began in 1982, boasts the title of the “nation's largest off-price retail chain,” according to its website. The retailer purchases its merchandise directly from manufacturers, which allows its prices and large discounts to remain low year-round.

Is Ross owned by TJ Maxx? ›

Ross Stores, Inc. is an American chain of off-price department stores headquartered inPleasanton, California,[4] operating under the name Ross Dress for Less. It is the third largest off-price retailer in the United States, behind T.J. Maxx and Marshalls, both of which are owned by TJX Companies.

How often does Ross Dress for Less get paid? ›

You get paid every two weeks but make sure your managers are accounting for your hours...

What is the legal name for Ross Dress for Less? ›

Ross Stores, Inc. is an S&P 500, Fortune 500, and Nasdaq 100 (ROST) company headquartered in Dublin, California, with fiscal 2023 revenues of $20.4 billion.

Where do off-price retailers get their merchandise? ›

Off-price is a trading format based on discount pricing. Off-price retailers are independent of manufacturers and buy large volumes of branded goods directly from them.

Does Ross sell knockoffs? ›

No, none of the stores Ross, T.J. Maxx, or Bealls Outlet sell fake or counterfeit merchandise. The brands that they stock in their stores are genuine and authentic.

What is the difference between discount store and off-price retailer? ›

Discount stores offer standard merchandise at low prices owing to bulk-purchase discounts. Off-price retailers are owned and operated by manufacturers themselves. In contrast, discount stores merely purchase inventory. Low-price retailers contain end-of-season goods, surplus, and returned goods.

What is the Ross store strategy? ›

We purchase our merchandise at lower prices and mark it up less than a department or specialty store. This strategy enables us to offer customers consistently low prices and compelling value.

What is best day to shop Ross dress for less? ›

“Ross, they usually get their big shipments on Monday night, so Tuesday at opening, you're usually good to go,” he says. “That'll be the most stock and inventory that they have in the store at one time throughout the entire week. Tuesday, at opening.”

Who is Ross Dress for Less competitors? ›

Ross Stores competitors include Target, Nordstrom, Walmart, Macy's and Burlington Coat Factory.

Is Ross coming to New York? ›

"This summer, Ross expanded its footprint in several existing markets and added locations in Michigan , Minnesota , and New York , states we entered last year, while dd's also expanded its presence in Colorado , Pennsylvania , and Texas .

Does Ross Dress for Less give discounts to seniors? ›

The 55+ Tuesday Discount is a program exclusively for customers 55 years of age or older. Eligible customers are entitled to 10% off purchases made on Tuesday. If you are eligible, you must notify the associate at time of purchase and may be required to provide an ID to verify your age or date of birth.

Is Ross Dress for Less owned by TJ Maxx? ›

Ross Stores, Inc. is an American chain of off-price department stores headquartered inPleasanton, California,[4] operating under the name Ross Dress for Less. It is the third largest off-price retailer in the United States, behind T.J. Maxx and Marshalls, both of which are owned by TJX Companies.

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