Want to join the conversation?
$BBY, which competes with $WMT and $AMZN, said it is reaffirming its expectations of approx. flat revenue and flat non-GAAP operating income for the full year 2017. This includes lapping the significant periodic profit sharing benefits from the Service Plan profit that was earned 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.