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David Tarantino from Robert W. Baird probes on the impact of the promotional approach being used on the value side. $JACK said that looking at the two year comparisons, it was strongest in the last period, which is the best indication how well the promotions are working for the company.
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.