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$SBUX, owner of brands such as Tazo and Ethos, said that the launch of the new rewards program could result in some noise in comp figures as customers and partners adapted to the program changes. The company said that it entered nearly 2MM new members YoverY in its award program, representing 18% and 300,000 net new members in 3Q16.
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.