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Daniel Hofkin of William Blair asks about the impact of the retail environment on outlook. $WSM said it is a mixed environment. Mall traffic is down and certain categories are more challenged than others. Housing metrics appear to be strong. $WSM is executing on growth strategies and against operating initiatives to drive improvements.
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.