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$COST said Gold Star members at the end of 2Q16 were 35.4MM, up from 34.7MM at the end of 1Q16. Business Primary members were at 7.2MM and Business Add-ons members remained at 3.5MM. Total members at the end of 2Q16 stood at 46.1MM versus 45.4MM at the end of 1Q16. Total cardholders were 84MM, up from 82.7MM.
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.