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Ross Stores to split stock in June
Off-price retailer Ross Stores feels so good about its sales performance and outlook that it has approved a 2-for-1 stock split scheduled for June.
The company said the split will be paid in the form of a 100% stock dividend to stockholders of record as of April 22.
Ross Stores had fiscal 2014 revenue of $11 billion.
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Fresh & Easy to close 55 stores as it transitions to new convenience model
New York -- Fresh & Easy plans to close 55 stores, which would leave the chain with about 110 locations, the Orange Country Register reported. Fresh & Easy is owned by the Yucaipa Cos., which bought the supermarket chain out of bankruptcy in 2013 from U.K. retailer Tesco. It operates stores in Nevada, California and Arizona.
The stores slated for closing do not meet Fresh & Easy’s new model of “modern convenience.”

