Ross Dress for Less opens new store in Alhambra

Core Insights - Ross Stores Inc. is expanding its retail presence in Southern California with the opening of two new discount retail stores, a Ross Dress for Less in Alhambra and a dd's Discounts in North Hollywood, as part of a broader national expansion strategy [1][2] Group 1: Expansion Plans - The company aims to open approximately 85 new Ross stores and 25 dd's Discounts stores nationwide by 2026 [1] - The decision to open 110 new stores in 2026 is based on strong performance from new stores in 2025, following the opening of 90 stores the previous year [2] Group 2: Store Locations - The new Ross store in Alhambra is located at 600 East Valley Blvd., about five minutes from the existing store, while the dd's Discounts store in North Hollywood is situated at 12711 Sherman Way [3] Group 3: Target Demographics - Ross targets a diverse customer base, including those seeking bargains across various income levels, with a predominantly female clientele [4] - Dd's Discounts, launched in 2004, focuses on young, ethnically diverse shoppers from low-to-moderate income households [4] Group 4: Financial Performance - The company's net income for the fiscal year 2025 was reported at $2.1 billion, consistent with the previous year [4] Group 5: Industry Context - Ross operates around 1,900 stores across 44 states, Washington, D.C., Guam, and Puerto Rico, while dd's Discounts has approximately 370 stores in 23 states [5] - Competitors like Aldi's, Dollar General, and Trader Joe's are also expanding rapidly in response to consumer demand for lower prices amid high inflation [5]