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Oliver Chen of Cowen & Co. asks about the status of inventory. $FOSL said the trends were fairly stable throughout the channel for 2Q16. So sell-in pretty much was consistent with sell-through. Inventories in the channel seem pretty healthy for the company right now.
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.