Ross, after disappointing earnings report, says it will open fewer new stores this year than in 2020

Ross Stores Inc. plans to slow its rate of expansion across both its brands in 2021 with fewer new stores opening this year than in 2020. Citing the continued uncertainty in market conditions, CEO Barbara Rentler said on the company’s latest earnings call on Tuesday that Ross plans to open 60 stores this year. Forty will be Ross Dress for Less locations and 20 will be dd’s Discounts. Heading into March 2020, the Dublin, Ohio-based retailer (NASDAQ: ROSS) planned to add 100 stores, its typical…