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Off-price apparel and home fashions retailer $TJX reported a rise in 4Q16 earnings driven by higher customer traffic, and comp increases at every division. Net income rose to $666.47MM or $0.99 per share from $648.23MM or $0.93 per share last year. Sales grew to $8.96Bil from $8.30Bil. Consolidated comparable store sales increased 6% for 4Q16.
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.