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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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H&M opening 400 stores in 2015 amid 36% jump in Q1 profit
New York -- Hennes & Mauritz (H&M) on Tuesday posted a 36% jump in its first quarter profit, easily beating forecasts, and confirmed earlier reports that it plans to open 400 stores in its current fiscal year, with most of the locations in China and the United States. In New York, it will open a 61,000-sq.-ft. flagship — one of the largest H&Ms to date — in Manhattan’s Herald Square area.

