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$TGT said that gross margin performance in 3Q15 was short of its expectations, hurt by margin pressure from quality investments in owned and exclusive brands. $TGT also experienced reimbursement pressure in the pharmacy business, which, the company expects to continue until it completes the sale of pharmacy business to $CVS.
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.