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Auto parts retailer $AZO posted 1Q16 net sales of $2.4Bil, an increase of 5.6% from 1Q15, while domestic same store sales rose 3.5% for the quarter. Net income of $258.1MM showed an increase of 8.3% and diluted EPS of $8.29 was up 14% vs. $7.27 in 1Q15.
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.