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Apparel and accessories retailer $LB announced the sudden retirement of Victoria's Secret CEO Sharen Jester Turner, after 16 years of leadership. She is replaced by Leslie H. Wexner, Chairman and CEO of $LB. Turney will remain an advisor to the division.
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.