Ross Stores Adds 31 Stores This Summer

By Tonya GarciaMarketsMarketWatch Pulse

Ross Stores Inc. said Monday that it is opening 24 Ross Dress for Less locations and seven dd's Discounts stores across 15 states during the months of June and July. Ten stores are in the Midwest, including four in Wisconsin, a new state for the company, according to Chief Development Officer Jim Fassio. Ross Stores is on track to add 90 locations in 2016. "Over the longer term, we continue to see expansion opportunities across all of our markets, and remain confident in our ability to grow to 2,000 Ross Dress for Less and 500 dd's Discounts locations over time," Fassio said in a statement. Ross Stores shares are inactive in premarket trading, but up 11.3% for the past year. The S&P 500 is up 1.7% for the last 12 months.

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