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Dollar General, Ross Stores and Dick’s bullish on expansion

New York -- Dollar General, Ross Stores and Dick’s Sporting Goods are bullish on expansion. For 2014, Dollar General has budgeted $450 million to $500 million for capital expenditures, and plans to open 700 new locations. This follows a record year of square footage expansion during which the extreme-value discounter opened 650 stores.

Ross Stores also continues to expand in 2014. The off-price apparel and home fashions retailer is on track to open about 95 new locations in 2014, comprised of about 75 Ross Dress for Less and 20 dd's Discounts.

Dick’s Sporting Goods expects to open approximately 50 namesake stores and relocate or remodel another 11 others in 2014. The company also expects to open approximately eight Field & Stream stores, relocate two Golf Galaxy stores and open one Golf Galaxy store.

In other store expansion news, Uniqlo will enter Pennsylvania in May, opening at King of Prussia Mall, in King of Prussia. In the fall, the Japanese apparel retailer will open a flagship in downtown Philadelphia. The openings are part of the brand’s 2014 U.S. expansion efforts, which include openings in new cities and the surrounding regions of Philadelphia, Boston and Los Angeles, and more store openings in Northern California, Connecticut, New Jersey, and New York.

Express intends to start opening outlet stores beginning in May 2014. The apparel retailer is developing an outlet strategy, with stores that would have their own dedicated product.

© 2014