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In the Americas, $FOSL's 3Q15 reported sales decreased 11% to $391MM, a 10% constant dollar decrease, driven by watches as the decline in the category offset modest growth in leathers & jewelry. Across brands, constant dollar sales for Armani brands, Skagen & Fossil increased during the quarter & continue to benefit from the Kate Spade New York.
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.