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Discount retailer $DG reported a rise in 2Q16 earnings driven by higher sales. Net income rose to $306.52MM or $1.08 per share from $282.35MM or $0.95 per share last year. Net sales grew to $5.39Bil from $5.1Bil, as growth was positively affected by sales from new stores, modestly offset by sales from closed stores.
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.