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$BBBY expects comp sales change to be in the range of relatively flat to a 1% increase for FY16, with the net sales increase to be about 125-140 BPs higher than the comp sales change. Even with the inclusion of One Kings Lane, the company still expects the 2016 gross margin deleverage to be slightly less than the deleverage of 2015.
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.