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$BBBY's retail inventories for the year were up 3.6% YoverY and was primarily due to an increase in inventory in the company's distribution facilities for direct to customer shipment. Capex for FY15 was approx. $328MM, flat with last year and below $BBBY's model of $350MM.
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.