NEWARK, Calif., March 6 /PRNewswire/ -- Ross Stores, Inc. (Nasdaq: ROST),
the nation's second largest off-price apparel retailer, will enter the
Atlanta, Georgia market with the grand opening of two stores in Douglasville
and Lawrenceville on Saturday, March 10th.
A 32,628 square foot store will open in Douglasville Pavillion, at the
intersection of I-20 and Chapel Hill Road. Another 33,400 square foot store
will be located in Lawrenceville Market, at the intersection of Highway 120
and Lawrenceville-Suwanee Road. Ross plans to open three more stores in the
Altanta region by the fall of 2001.
On grand opening day through March 18th, customers can enter to win a
$500 shopping spree or one of ten $100 shopping sprees at both locations.
To celebrate the retailer's entry into the Atlanta market, Ross, in
conjunction with the Make-A-Wish Foundation, will host a fundraising Preview
Night before the grand opening at the Lawrenceville store. A portion of the
evening's proceeds will go towards the Make-A-Wish Foundation. Founded in
1980, the organization is dedicated to granting wishes to children with life
threatening illnesses. The Greater Atlanta and North Georgia chapter of
Make-A-Wish has been responsible for granting over 400 wishes since it was
established in 1995.
In commenting on this news, Jim Peters, President and Chief Operating
Officer, stated, "We are excited about the opportunity to offer our new
Atlanta customers great bargains on name brand apparel and home-related
merchandise. Our Douglasville and Lawrenceville locations are the first of
25 to 30 stores Ross plans to open in Georgia, North Carolina and South
Carolina in 2001 and 2002. By 2004, we expect to operate as many as 50 stores
in these three states."
Ross Stores, Inc. reported sales of $2.7 billion in 2000, its most recent
fiscal year. The off-price retailer currently operates 409 stores in
17 states, offering first-quality, in season, branded apparel, accessories and
footwear for the entire family as well as gift items and linens for the home
all at everyday savings of 20% to 60% less than regular department and
specialty store prices.
Forward-Looking Statements: This press release contains certain
forward-looking statements which are subject to risks and uncertainties that
could cause the company's actual results to differ materially from
management's current expectations. The words "expect," "anticipate,"
"estimate," "believe" and similar expressions identify forward-looking
statements. Risk factors include obtaining acceptable new store locations,
competitive pressures in the apparel industry, changes in the level of
consumer spending on or preferences in apparel or home-related merchandise and
the ability to successfully implement systems to support regional
merchandising. Other risk factors are detailed in the company's Form 10-K for
fiscal 1999. The company does not undertake to publicly update or revise
these forward-looking statements even if experience or future changes indicate
that any projected results expressed or implied herein will not be realized.
SOURCE Ross Stores, Inc.
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Related links: http://www.rossstores.com
Company News On-Call: http://www.prnewswire.com/comp/764175.html or fax, 800-758-5804, ext. 764175
CONTACT: John G. Call, Senior Vice President & Chief Financial Officer, 510-505-4315, or Katie Loughnot, Director, Investor Relations, 510-505-4509, or katie.loughnot@ros.com, both of Ross Stores, Inc.
NOTE TO EDITORS: Ross Stores, Inc. press releases are available at no charge through the company's home page on the internet at http://www.rossstores.com
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