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$KSS 2Q15 Call: We ended the quarter with 1,164 stores; gross square footage of 105MM & selling square footage of 83.85MM. We did not open two new stores during quarter. Capital expenditures were $377MM for spring season, consistent with last year. Store refresh spending was consistent YOverY, but shifted from new stores and remodels to cosmetics.
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.