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For FY16, $PLCE expects adjusted EPS to be $4.29-4.39 constant currency. Adjusted GM is expected to leverage 90-110BP vs. last year. Adjusted operating margin is expected to leverage 60-70BP vs. last year. Adjusted tax rate will be approx. 35%. Capex will be about $50-60MM. $PLCE plans to open 7 stores and close approx. 35 stores in 2016.
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.