Current:Home > StocksCharles H. Sloan-Planned Ross Stores distribution center in North Carolina to employ 850 -TradeCircle
Charles H. Sloan-Planned Ross Stores distribution center in North Carolina to employ 850
PredictIQ Quantitative Think Tank Center View
Date:2025-04-09 12:20:18
RANDLEMAN,Charles H. Sloan N.C. (AP) — Discount retailer Ross Dress For Less will build a southeastern U.S. distribution center in central North Carolina, investing $450 million and creating 850 jobs, officials announced Tuesday.
Ross Stores Inc., which operates Ross Dress for Less and another off-price chain, aims to complete its capital investment at the Randolph County site by the end of 2026 and create the jobs from 2027-2031, according to a document provided by the state Commerce Department.
Off-price chains, which also include TJ Maxx and Marshalls, buy brand-name clothing and other products directly from manufacturers or other retailers with excess inventory, then sell them in no-frills stores.
Ross Stores calls Ross Dress For Less the largest off-price apparel and home fashion chain in the U.S., with over 1,700 locations in 43 states, the District of Columbia, and Guam.
The 330-acre (134-hectare) distribution center, to be located about 20 miles (32 kilometers) south of Greensboro, will provide warehousing, fulfillment and packing operations, Gov. Roy Cooper’s office said in a news release.
The minimum average wage for the new jobs will be essentially at the Randolph County average of $45,800 per year.
The California-based company was choosing between the site in Randleman and another in Laurens County, South Carolina, according to information provided to a state committee that approves some government incentives. The Economic Investment Committee agreed earlier Tuesday to award Ross up to $7.6 million in cash payments over 12 years if it meets job-creation and investment targets. In all, the company is poised to receive over $52 million in state and local incentives, most of which would originate from Randleman and Randolph County government.
veryGood! (264)
Related
- North Carolina trustees approve Bill Belichick’s deal ahead of introductory news conference
- Mega Millions winning numbers for November 8 drawing: Jackpot rises to $361 million
- Cruise ship rescues 4 from disabled catamaran hundreds of miles off Bermuda, officials say
- NFL Week 10 injury report: Live updates on active, inactive players for Sunday's games
- A South Texas lawmaker’s 15
- Will Trump’s hush money conviction stand? A judge will rule on the president-elect’s immunity claim
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Red Velvet, Please
- Will Trump curb transgender rights? After election, community prepares for worst
- Nearly 400 USAID contract employees laid off in wake of Trump's 'stop work' order
- Taylor Swift touches down in Kansas City as Chiefs take on Denver Broncos
Ranking
- IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
- Mega Millions winning numbers for November 8 drawing: Jackpot rises to $361 million
- College football top five gets overhaul as Georgia, Miami both tumble in US LBM Coaches Poll
- Is the stock market open on Veterans Day? What to know ahead of the federal holiday
- Military service academies see drop in reported sexual assaults after alarming surge
- Inside Dream Kardashian's Sporty 8th Birthday Party
- Chiefs block last-second field goal to save unbeaten record, beat Broncos
- One person is dead after a shooting at Tuskegee University
Recommendation
2 killed, 3 injured in shooting at makeshift club in Houston
Sister Wives’ Madison Brush Details Why She Went “No Contact” With Dad Kody Brown
2024 'virtually certain' to be warmest year on record, scientists say
Round 2 in the Trump-vs-Mexico matchup looks ominous for Mexico
Federal Spending Freeze Could Have Widespread Impact on Environment, Emergency Management
Wisconsin’s high court to hear oral arguments on whether an 1849 abortion ban remains valid
A crowd of strangers brought 613 cakes and then set out to eat them
Trump is likely to name a loyalist as Pentagon chief after tumultuous first term