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Saint Paul, Minnesota-based company $STJ had five fewer selling days in 4Q15 versus 4Q14 and three fewer selling days YoverY for full-year results. $STJ estimates this variance in selling days decreased 4Q15 sales growth rate by 5-6%. For full-year 2015, YoverY sales growth is estimated to be negatively impacted by about 100BP.
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.