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$KIRK said at the end of 1Q16 the company had $38.2MM in cash on hand and had no long-term debt or borrowings outstanding under its revolving line of credit. In 1Q16, CapEx was of $8.7MM with about 79% relating to new stores and existing store improvements, 11% relating to supply chain improvements and IT system improvement accounting for balance.
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.