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$K 2Q15 Call: North America’s operating profit decreased by 13%. This was a result of sales declines, increased distribution cost, timing of cost in our factories, and re-shedding of incentive compensation levels. We do expect results to improve as we progress to the balance of the year.
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.