So far this year, the Dublin, Calif. off-price department store chain opened 22 Ross Dress for Less and six dd's Discounts stores across 12 different states.
The new locations are part a company plan to add approximately 100 new stores, 75 Ross and 25 dd's Discounts locations during fiscal 2019. Ross is currently the largest off-price apparel and home fashion chain in the U.S. with 1,502 locations.
"These recent openings reflect our ongoing plans to continue building our presence in both existing and newer markets, including the Midwest for Ross, and expansion of dd's Discounts into Oklahoma and Illinois," said Jim Fassio, president and chief development officer, in a statement. "We now operate a total of 1,745 Ross Dress for Less and dd's Discounts locations across 38 states, the District of Columbia, and Guam. As we look out over the long-term, we remain confident that Ross can grow to 2,400 locations and dd's Discounts can become a chain of 600 stores given consumers' ongoing focus on value."
Ross is opening stores at a time that dozens of retailers have announced thousands of store closures combined. Amazon.com (AMZN) - Get Report announced it is closing all its pop-up stores, Macy's Inc. (M) - Get Report , GAP (GPS) - Get Report , and Chico's FAS (CHS) - Get Report are all closing dozens of stores, while Payless ShoeSource, Family Dollar (DLTR) - Get Report and Sears are closing all stores.
Ross shares are up 7% year to date, while the S&P 500 index gained 9.8% in the same period.