Want to join the conversation?
$URBN said total SG&A expenses for 2Q17 were up 5% to $224MM. Total SG&A as a percentage of sales deleveraged by 48 Bps to 25.2%. This deleverage was mainly due to an increase in direct marketing and technology-related expenses to support the company's strong direct-to-consumer growth.
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.