This Year, Ross Stores Completed About 90 New Sites Expansion Plans.

Recently, Ross

The company announced that it opened 34 new stores in September and October, including 25 RossDressForLess and 9 dd'sDISCOUNTS stores located in 16 continents.

In fact, not only by introducing stores in South, North Dakota and Colorado, Ross department stores also expanded in two other continents.

The stores completed the expansion plan of the company by adding about 90 new sites this year.

In the future and existing

To expand its business base, RossDressforLess will grow to 2000 business sites, and dd'sDISCOUNTS will open 500 chain stores.

The financial situation of Ross's department store in 2016 for the second quarter ended in June 30th was very stable. The highest and lowest points were stronger than last year, and higher than expected.

Revenue growth was 7%, mainly due to a wide range of companies.

The field attracted a large number of value oriented customer groups, and sales increased by 4% compared with the previous ones.

Operating income increased by 10.8%, adjusted earnings per share increased by 13% to 71 cents.

Ross's department store also raised its earnings per share expectations in the 2016 fiscal year, which is between $2.69 and $2.75 (up 7-10% last year), higher than expected 2.63-2.72 dollars.

In the first half of 2016, Ross bought 6 million 300 thousand shares, valued at $352 billion, and will still buy $700 million worth of shares this year.