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$GIS' net sales for 1Q16 declined 1% to $4.21Bil, as foreign currency exchange reduced net sales growth by 5 percentage points. On YoverY basis, 1Q16 net sales for US Retail segment grew 4%, consolidated International businesses declined 11% and Convenience Stores and Foodservice segment increased 1%.
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.