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Paul Trussell of Deutsche Bank asks about margin expectations for Jos. A. Bank. $TLRD said it had three consecutive quarters of selling margin increase at Jos. A. Bank due to the reset of the pricing structure. The company expects similar increases to continue through 3Q16. $TLRD sees opportunities to elevate selling margins at Jos. A. Bank.
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.