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Simeon Gutman of Morgan Stanley asks about the measures being taken to improve growth. $AAP said it is building a comprehensive business strategy that spans the growth agenda and has a robust productivity agenda. The strategy and execution thus far have not met expectations but $AAP is focused on fixing these issues going forward.
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.