Want to join the conversation?
$BKE said women's merchandise sales for 1Q16 were down approx. 12.5%. The company's average denim price points decreased from $97.85 in 1Q15 to $93.95 in 1Q16. For the quarter, the women's business was approx. 54.5% of net sales compared to 56.5% last year, and average women's price points fell approx. 1.5% from $51.05 to $50.20.
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.