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$TSCO's gross margin for 2015 rose by 30 basis points to 34.4% from 34.1% last year. This rise principally reflects improved direct product margin, which was as result of strong execution on 4 strategic margin initiatives that includes inventory and markdown management, strategic sourcing, exclusive branding and retail price management.
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.