Want to join the conversation?
Piper Jaffray analyst Erinn Murphy questions $KORS about the account base in North America, whether the company is closing doors or starting pull back in categories. CEO John Idol says that there are no shop-in-shop closings. The company is top 10 in almost every single mall around the world in terms of productivity per square foot.
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.