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$URBN posted improved earnings in 2Q17, helped by a positive Retail segment comp and substantial improvement in merchandise margins compared to 2Q16. Net income was $76.92MM or $0.66 per diluted share compared to $66.84MM or $0.52 per diluted share last year. Net sales grew 3% over last year to a record $891MM.
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.