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Global accessories, footwear and apparel company $KORS posted 2Q16 diluted EPS of $1.01 vs. $1.00 in 2Q15. There was an acceleration in the North American digital flagship sales in the Retail segment and the company drove sequential improvement in its comp performance.
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.