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$PVH, which competes with $PERY and $RL, said its 1Q16 results exceeded its expectations despite the challenging global environment. The momentum was mainly driven by the strength of Calvin Klein & Tommy Hilfiger international businesses. And regionally, European & China businesses were the healthiest, while Hong Kong & Brazil was under pressure.
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.