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Off-price retailer $TUES reported a narrower quarterly loss, helped by a special gain. The company reported a 4Q16 net loss of $3.9MM, or $0.09 per share, compared to a net loss of $4.2MM, or $0.10 per share a year ago. The Company recorded a gain on sale related to a sale-leaseback transaction of $2.5MM in the quarter. Revenue rose to $222.8MM.
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.