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$WSM's comparable brand revenue growth in 1Q16 increased 4.5% on top of 4.6% in the preceding year quarter. E-commerce net revenues increased 8.2% to $576MM from $533MM in the previous year quarter. Retail net revenues rose 4.7% to $522MM from $498MM in the prior year quarter.
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.