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$GCO anticipates SG&A expense will de-lever 210-230 BPs in FY17. The company expects the strong dollar to remain a headwind and weigh down earnings by $0.12 per share for the year, assuming exchange rates stay where they currently are. $GCO expects positive impact from a legacy pension plan to offset some of this pressure.
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.