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For 1Q16, $MAC's portfolio of sales were $625 per square foot, representing a 3% rise YoverY. The impact of portfolio changes reduced sales by $13 per square foot. Comparable center sales rose 4.6% YoverY and sales increases were strongest in the West Coast centers. Beauty & cosmetics, athletic footwear and athletic apparel did well in 1Q16.
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.