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$HD 2Q15 Call: Operating expense as a percent of sales decreased by 15BP to 19%, which also include $153MM of gross expenses incurred as part of our data breach. Our net breach-related expenses after insurance were $92MM. Excluding the net breach-related expenses, our expenses grew at 35% the rate of sales growth, better than our plan.
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.