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$TJX said the company is expecting pre-tax profit margin for FY17 to be in the range of 10.9-11.1% compared to 11.8% in FY16 and gross profit margin is expected to be in the range of 28.3-28.5% compared to 28.8% last year. At TJX International $TJX is expecting a comp increase of 2-3% on sales of $4.6Bil.
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.