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$PM 2Q15 Call: With regards to the retention rate of consumer who try iQOS in Japan and Italy, it’s broadly the same as we had in 1Q15. We have spent more of 2Q15 time in test markets to changing some component of our marketing mix for national rollout. In comparison to old iQOS, new one has better functionality, feel and touch.
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.