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Breaking down what this means for investors: New store productivity remains strong with recent openings achieving comparable sales productivity to mature locations within 18-24 months Geographic whitespace exists particularly in the Midwest, Southeast, and smaller metropolitan areas where off-price penetration remains low Unit economics support expansion with new stores typically achieving payback periods under three years No international risk required for the growth story to workthe domestic opportunity alone provides years of runway Store count growth of 60-80 locations annually would extend the expansion timeline through 2035 and beyond, providing visible growth without aggressive acceleration Recession-Resistant Characteristics Ross stock offers defensive characteristics rare in retail

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