{"id":6493,"date":"2026-10-14T00:35:51","date_gmt":"2026-10-14T00:35:51","guid":{"rendered":"https:\/\/digitalmarkettrends.com\/index.php\/2026\/10\/14\/ross-stores-enters-a-new-market-as-customers-hunt-for-low-prices\/"},"modified":"2026-10-14T00:35:51","modified_gmt":"2026-10-14T00:35:51","slug":"ross-stores-enters-a-new-market-as-customers-hunt-for-low-prices","status":"publish","type":"post","link":"https:\/\/digitalmarkettrends.com\/index.php\/2026\/10\/14\/ross-stores-enters-a-new-market-as-customers-hunt-for-low-prices\/","title":{"rendered":"Ross Stores enters a new market as customers hunt for low prices"},"content":{"rendered":"<p>Ross Stores, which also owns dd&#x2019;s Discounts, has recently debuted in a new market as it expands its store footprint. The move comes as it <a href=\"https:\/\/www.thestreet.com\/retail\/ross-stores-q2-earnings-price-increase\">continues to build momentum with shoppers<\/a>.&#xA0;<\/p>\n<p>In the second quarter of 2026, the off-price retailer&#x2019;s comparable store sales climbed 10% year over year, while its operating profit rose nearly 73%, according to its<a href=\"https:\/\/investors.rossstores.com\/news-releases\/news-release-details\/ross-stores-reports-strong-second-quarter-sales-and-earnings\"> latest earnings report<\/a>. <\/p>\n<p><a href=\"https:\/\/www.placer.ai\/anchor\/articles\/ross-leads-in-q2-2026-as-off-price-growth-concentrates-at-the-value-end\">Recent Placer.ai data<\/a> also revealed that foot traffic at Ross Dress for Less stores increased 16.4% year over year, while traffic at dd&#x2019;s Discounts rose 8.4%.<\/p>\n<p>On an <a href=\"https:\/\/www.investing.com\/news\/transcripts\/earnings-call-transcript-ross-stores-tops-q2-2026-estimates-shares-jump-after-hours-93CH-4870582\">earnings call<\/a> in August, Ross Stores CEO Jim Conroy said that, despite the current &#x201C;inflationary economy,&#x201D; the company is attracting customers from &#x201C;a broad range of income demographics and age cohorts.<\/p>\n<p>&#x201C;We saw gains from new and lapsed customers, along with more frequent trips and higher spending from existing customers, reflecting deeper engagement with both of our chains,&#x201D; said Conroy.<\/p>\n<h2><strong>Ross debuts in Massachusetts amid 51 new store openings<\/strong><\/h2>\n<p>Amid increased consumer demand, Ross has rapidly expanded its store footprint.<\/p>\n<p>Between September and October, the company opened 41 Ross Dress for Less locations and 10 dd&#x2019;s Discounts stores across 17 states, including Massachusetts for the first time, according to a <a href=\"https:\/\/investors.rossstores.com\/news-releases\/news-release-details\/ross-stores-opens-51-new-locations-0\">recent press release<\/a>.&#xA0;<\/p>\n<p>&#x201C;Building on the strong performance of our newer stores, we are excited to open our inaugural stores in Massachusetts while strengthening Ross Dress for Less&#x2019; presence in New York and other existing markets,&#x201D; said Richard Lietz, executive vice president of property development at Ross Stores, in the press release.&#xA0;&#xA0;<\/p>\n<p align=\"center\"><strong><a href=\"https:\/\/www.thestreet.com\/retail\/ross-stores-q2-earnings-price-increase\">Related: Ross Stores customers will soon feel a notable change in stores<\/a><\/strong><\/p>\n<p>&#x201C;At dd&#x2019;s DISCOUNTS, we are pleased to further expand in our established core markets of California, Florida, and Texas,&#x201D; he continued.<\/p>\n<p>The new store openings complete Ross&#x2019; store growth plans for fiscal 2026, which include adding 115 new locations throughout the year. Currently, the company operates 2,377 Ross Dress for Less and dd&#x2019;s Discounts locations across 45 states, Puerto Rico, the District of Columbia, and Guam.&#xA0;<\/p>\n<p>Lietz said Ross plans to significantly increase its store count as more customers seek value.&#xA0;<\/p>\n<p>&#x201C;We remain confident in the long-term opportunities for both brands,&#x201D; he said. &#x201C;As customers increasingly seek great brands at great prices, Ross&#x2019; off-price offering continues to resonate, and we believe we are well positioned to grow to at least 2,900 Ross Dress for Less and 700 dd&#x2019;s DISCOUNTS locations over time.&#x201D;<\/p>\n<figure><figcaption>Ross Stores opened 51 new stores between September and October in 2026. <\/p>\n<p><a href=\"https:\/\/www.gettyimages.com\/detail\/1420048413\">Laser1987 \/ Getty Images<\/a><\/p>\n<\/figcaption><\/figure>\n<h2><strong>Why consumers are turning to Ross and other off-price retailers<\/strong><\/h2>\n<p>Ross isn&#x2019;t the only off-price retailer that has recently seen a boost in sales.&#xA0;<\/p>\n<p>TJX Companies revealed in its <a href=\"https:\/\/www.tjx.com\/docs\/default-source\/investor-docs\/quarterly-results\/tjx-second-quarter-fiscal-year-2027-earnings-press-release.pdf\">most recent earnings report<\/a> that net sales in its TJ Maxx, Marshalls, and Sierra stores increased 3% year over year in the second quarter of 2026.&#xA0;<\/p>\n<p><a href=\"https:\/\/www.placer.ai\/anchor\/articles\/ross-leads-in-q2-2026-as-off-price-growth-concentrates-at-the-value-end\">Placer.ai data<\/a> also revealed that while foot traffic at TJ Maxx and Marshalls generally remained near last year&#x2019;s levels during the quarter, it still outperformed the traditional apparel sector&#x2019;s 3.5% year-over-year decline.&#xA0;<\/p>\n<p>U.S. consumers have increasingly been turning to off-price retailers as prices continue to rise nationwide.<\/p>\n<p><strong>More Retail:<\/strong><\/p>\n<ul>\n<li><a href=\"https:\/\/www.thestreet.com\/retail\/ross-stores-q2-earnings-price-increase\"><strong>Ross Stores customers will soon feel a notable change in stores<\/strong><\/a><\/li>\n<li><a href=\"https:\/\/www.thestreet.com\/retail\/publix-sales-decline-as-customer-behavior-shifts\"><strong>Publix struggles to reverse concerning customer behavior<\/strong><\/a><\/li>\n<li><a href=\"https:\/\/www.thestreet.com\/retail\/home-depot-sales-customers-cut-back-large-project-spending\"><strong>Home Depot faces uphill battle amid a growing customer problem<\/strong><\/a><\/li>\n<\/ul>\n<p>According to <a href=\"https:\/\/www.bls.gov\/news.release\/cpi.nr0.htm\">Consumer Price Index data from the U.S. Bureau of Labor Statistics<\/a>, prices for all goods and services rose 3.4% year over year in August. Apparel prices increased 3.6% during that period, while footwear prices also climbed 3.6%.<\/p>\n<p>As prices rise, a <a href=\"https:\/\/www.fashionbyinforma.com\/industry-insights\/consumer-outlook-report-2026\/\">survey by Fashion by Informa<\/a> found that 66% of U.S. consumers are prioritizing value for money when shopping for fashion, far surpassing trendiness, which was cited by only 10%.&#xA0;<\/p>\n<p>Also, 92% of consumers plan to change their fashion shopping habits, including delaying purchases, spending less, or switching to off-price retailers to save money.<\/p>\n<p>In a <a href=\"https:\/\/business.bofa.com\/en-us\/content\/off-price-retail-market-share-growth.html\">July note<\/a>, <a href=\"https:\/\/www.linkedin.com\/in\/lorraine-hutchinson-cfa-036625204\">Lorraine Hutchinson<\/a>, senior research analyst at BofA Global Research, emphasized that the &#x201C;off-price playbook,&#x201D; in which companies &#x201C;procure stronger brands at better value,&#x201D; continues to successfully boost customer spending.&#xA0;<\/p>\n<p>&#x201C;The inflationary macro backdrop also creates a good environment for trade-down, allowing consumers to stretch a tight budget, and off-price has responded with sharper values,&#x201D; wrote Hutchinson.&#xA0;<\/p>\n<p>Amid this shift in consumer behavior, the global off-price retail market is projected to grow from $349.22 billion in 2025 to $582.14 billion by 2031 at an 8.89% compound annual growth rate (CAGR), according to a <a href=\"https:\/\/www.techsciresearch.com\/report\/off-price-retail-market\/28458.html\">forecast from research firm TechSci Research<\/a>.&#xA0;<\/p>\n<p align=\"center\"><strong><a href=\"https:\/\/www.thestreet.com\/retail\/kohls-expands-babies-r-us-partnership\">Related: Kohl&#x2019;s expands in-store partnership as customers look elsewhere<\/a><\/strong><\/p>\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ross Stores, which also owns dd&#x2019;s Discounts, has recently debuted in a new market as it expands its store footprint. The move comes as it continues to build momentum with shoppers.&#xA0; In the second quarter of 2026, the off-price retailer&#x2019;s comparable store sales climbed 10% year over year, while its operating profit rose nearly 73%, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":6494,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-6493","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-politics"],"_links":{"self":[{"href":"https:\/\/digitalmarkettrends.com\/index.php\/wp-json\/wp\/v2\/posts\/6493","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/digitalmarkettrends.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/digitalmarkettrends.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/digitalmarkettrends.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/digitalmarkettrends.com\/index.php\/wp-json\/wp\/v2\/comments?post=6493"}],"version-history":[{"count":0,"href":"https:\/\/digitalmarkettrends.com\/index.php\/wp-json\/wp\/v2\/posts\/6493\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/digitalmarkettrends.com\/index.php\/wp-json\/wp\/v2\/media\/6494"}],"wp:attachment":[{"href":"https:\/\/digitalmarkettrends.com\/index.php\/wp-json\/wp\/v2\/media?parent=6493"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/digitalmarkettrends.com\/index.php\/wp-json\/wp\/v2\/categories?post=6493"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/digitalmarkettrends.com\/index.php\/wp-json\/wp\/v2\/tags?post=6493"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}