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Apparel and accessories company $BKE said comparable store net sales for July, 2016 fell 10.9% from July, 2015. Net sales in July fell 9.8% to $66.5MM from last year. Comparable store net sales for the 13-week second quarter ended July 30, 2016 dropped 10.8% from the prior-year period. Net sales for the qtr. fell 10.1% to $212.2MM from last year.
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.