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In 4Q15, $AZO's inventory increased 9% over the same period last year, driven by increased product placement, new stores during the fiscal year & the acquisition of IMC. Inventory per location for the quarter was $610,000 vs. $582,000 last year and $629,000 last quarter. The IMC acquisition increased inventory per location by $15,000 this quarter.
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.