Ross to Split Stock

Ross Stores Inc. will execute a 2-for-1 stock split in the form of a dividend to shareholders. The Dublin, Calif.-based off-price retailer will pay a 100 percent dividend on June 11 to stockholders of record on April 22. The split would expand the number of diluted shares outstanding to about 413.4 million from 206.7 million, where they stood at the end of the fourth quarter on Jan. 31. The company had previously authorized a $1.4 billion, two-year stock repurchase program, above the previous $1.1 billion authorization completed in January. Last year, Ross expanded its net income 9.2 percent to $924.7 million, or $4.42 a diluted share, as revenues increased 7.9 percent to $11.04 billion. Same-store sales increased 3 percent. Shares Tuesday hit a 52-week high of $108.91 as Nasdaq trading opened and are up more than 13 percent since the start of the year.

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Margiela Opens San Francisco Unit

Maison Margiela on Monday opened a 2,900-square-foot flagship in San Francisco. The store, at 134 Maiden Lane, is the house’s fourth in the U.S. “San Francisco, especially Maiden Lane, is the perfect location for a Maison Margiela boutique,” said Monica Voltolina, chief executive officer of Staff USA. “The unconventional and forward-looking energy of San Francisco goes hand in hand with the DNA of Maison Margiela. This location will provide the ability to showcase the philosophy of the Maison in the environment it was designed to be in.” The new Margiela flagship occupies two levels of a town house next to Xanadu, a gallery in the historic Frank Lloyd Wright building. Mystery, an element of surprise and the sense of something unfinished have been woven into the design of the new flagship. The ground floor, dedicated to men’s ready-to-wear, fine leather goods, accessories, footwear, eyewear and fragrances, is meant to evoke a work in progress. The store looks light and airy near the entrance then becomes darker as one moves farther inside. This is achieved with dégradé effects and trompe l’oeil images. For example, repurposed French oak wood parquet flooring at the entrance has no cabochons — the dark diamonds in the pattern —

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