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In FY16, $ULTA plans increase total sales in the high teens percentage range and deliver EPS growth in the low twenties percentage range. The company plans to expand square footage by about 11% with the opening of 100 net new stores and remodel 12 locations. Capex is expected to be $390MM in FY16.
The latest earnings report by $VZ shows how it is losing customers despite offering the unlimited data plans, a record for the company.
$BEBE is closing down all its stores by the end of May.
$WFC agreed to hike its payout in a class-action settlement over unauthorized accounts by $32 million to $142 million for its retail sales practices. The settlement will now include customers who were impacted as early as May 2002.