Ross Stores has met its goal of opening 90 stores this year.
The Dublin, California-based company said on Monday that it opened 19 Ross Dress for Less locations this month, as previously reported by Sourcing Journal, as well as seven DD’s Discounts stores throughout September and October, to round out its 2015 growth plans.
The retailer now operates 1,276 Ross stores in 34 states, the District of Columbia and Guam, in addition to 172 DD’s Discounts in 15 states, and President and Chief Development Officer Jim Fassio has reiterated his intent to bring the total to 2,500.
“We entered our 34th state in October, opening three new stores in Wisconsin. Our ongoing focus remains on expansion across both existing and newer markets, such as the Midwest,” Fassio said in a statement. “Longer term, we continue to plan for significant growth throughout all markets, and remain confident that Ross Dress for Less can grow to 2,000 locations and DD’s Discounts can become a chain of 500 stores.”
Ross recently reported second-quarter net earnings that rose to $259 million from $240 million on higher sales but CEO Barbara Rentler maintained a “cautious outlook” for the back-end of the year, citing uncertain macro-economic and retail landscapes.