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$HELE said for 1Q17 net sales revenue denominated in the Euro, British pound and Mexican peso represented 5.1%, 2.3% and 1.8% of the company's consolidated net sales revenue, respectively. The company now expects foreign currency exchange rates to negatively impact FY17 YoverY net sales by approx. $9MM compared to its original expectation of $5MM.
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.