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For FY16, $SBUX expects revenue growth in excess of 10%, driven by strong comparable store sales slightly above mid-single digits, addition of about 1,800 net new stores, and 53rd fiscal week, which is expected to contribute incremental 2% to revenue growth rate. About one-half of net new store openings will be in its China/Asia Pacific segment.
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.