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David Mann of Johnson Rice enquires about the guidance for Men's Wearhouse. $TLRD stated that it saw a slowdown in business after June and the trend has fluctuated since then. Based on this softening, the company has taken a conservative outlook on the balance of the year and this is reflected in the guidance.
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.