Ross Opens 2,000th Location

Discount apparel retailer Ross Stores has opened 40 new stores in recent months, part of a plan to grow to 3,000 brick-and-mortar locations as inflation-weary consumers seek deals on apparel. According to a Monday (Oct.

31) news release, the company has opened 28 Ross Dress for Less stores and 12 dd’s Discounts stores in 21 states. Ross Stores Group Executive Vice President for Property Development Gregg McGillis said the openings come on the heels of the chain’s 2,000th store.

“Looking ahead, we remain confident in our expansion plans and continue to see plenty of opportunity to grow to at least 2,900 Ross Dress for Less and 700 dd’s DISCOUNTS locations over time,” he said in the release. The move finds Ross adding stores in a bid to attract value shoppers who are seeking deals on clothing. While their numbers have dipped somewhat in recent months, most Americans now live paycheck to paycheck, leading them to rethink their purchases and to look for bargains.

This year saw the retailer’s stock dip 25% in late May following disappointing first-quarter earnings, although it has shot back up in recent months. At the time, CEO blamed inflationary pressure exacerbated by the Russia-Ukraine war. See also: Paycheck-to-Paycheck Consumers Rethink What’s Essential

Those inflationary pressures have consumers rethinking clothing purchases, as they prioritize groceries above all else as PYMNTS research has found. Our data found that just 46% of consumers who live paycheck to paycheck and have issues paying bills had purchased clothing and accessories in the 30 days before the study, while 36% bought beauty or cosmetics products. For paycheck-to-paycheck consumers who don’t have issues paying bills, those shares were at a respective 59% and 42%.

Meanwhile, consumers who do not live paycheck to paycheck were 30% more likely to have purchased clothing and accessories than consumers who are living paycheck to paycheck, our research found. For all PYMNTS retail coverage, subscribe to the daily Retail Newsletter.

Sign up for our daily newsletter.

We’re always on the lookout for opportunities to partner with innovators and disruptors. Learn More

https://www.pymnts.com/news/retail/2022/inflation-tests-ikeas-will-discount-business-model/partial/

Tags:

balsam-hill listed on couponmatrix.ukblinds-direct listed on couponmatrix.ukhamleys listed on couponmatrix.ukhaute-florist listed on couponmatrix.ukjohn-fowler-holidays listed on couponmatrix.ukthe-kooples listed on couponmatrix.uk
balsam-hill listed on couponmatrix.ukPut some festive cheer in your home without hassle or mess with Balsam Hill Christmas Trees, the UK’s top-tier supplier of artificial trees, garlands, wreaths and other holiday decorations. Make the most of a Balsam Hill discount code and add countless years of pristine Christmas splendour to your living room on a budget. With easy assembly and immaculate quality assured, Balsam Hill guarantees a stress and mess-free home setup for any customer eager to get merry this December.
blinds-direct listed on couponmatrix.ukBlinds aren’t just window-dressing – they can transform a room’s vibe, warm the chilliest of halls and block out light so you can catch those precious early-morning Zs. Blinds Direct knows all about curtains and shutters. From classic curtains and roller blinds to automated models for the modern home, you’ll want a Blinds Direct discount code to bag a bargain on the ideal blinds for your lifestyle. It’s amazing the difference the right drape can make to a sun-scorched study or bedroom, so see for yourself with a set of made-to-measure blinds from Blinds Direct. There’s also a five-year guarantee on all products, so you know everything you buy is built to last.
hamleys listed on couponmatrix.ukThe world’s oldest and grandest toy shop, Hamleys is the hub for household imagination. Home to toys and games fit for all ages – including LEGO, science kits, figurines, board games, puzzles and more – find your fun and buy it on a budget with the latest Hamleys discount code. Complete with sweets, books, clothing and gifts for an all-inclusive shopping experience, see why Hamleys has stood the test of time as the kingpin of the toy box.
haute-florist listed on couponmatrix.ukMake someone’s day with a fresh bouquet from Haute Florist. Seen in British VOGUE, Good Housekeeping and Vanity Fair, these are luxury flowers that deserve to be treasured and put on display. Whether you’re celebrating a new baby or Mother’s Day, Haute Florist has brilliant blooms for every occasion delivered seven days a week. The best thing about using a Haute Florist discount code is that you can treat someone special to stunning seasonal flowers without harming your budget, and maybe even add some champagne gifts to your basket.
john-fowler-holidays listed on couponmatrix.ukJohn Fowler is the first name that comes to mind for anyone seeking a premium holiday holiday park experience in Devon, Cornwall or Somerset. Renting a static home, camping, glamping or staying in a character residence needs to be a stress-free experience to be worth the cost, so it's important to secure accommodation with a business you can trust. Ordinarily that would cost a little more, but our John Fowler discount codes keep everything affordable - meaning you can enjoy extra excursions and cream teas galore throughout your stay.
the-kooples listed on couponmatrix.ukThe Kooples burst onto the scene back in 2008, amidst the peak of the ’00s indie movement, and it continues to exude this sense of rebellion to this day. With its carefree dresses, tees, suits and handbags, Kooples clothing embodies a sense of grunge for grown-ups. Embrace your rebellious spirit with our Kooples discount code, unlocking discounts on everything from leather jackets to patterned shirts. Whether you’re heading to a gig or the office, your Kooples wardrobe promises cool, effortless style with a rock and roll edge.