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CL King analyst Mike Gallo asks what amount of the SG&A increase occurred during 1H16. $PLKI says that G&A was always front-end loaded for the company and that will remain as planned. The company has reaffirmed its earnings guidance assuming that it will continue to implement its strategic initiatives. They are in $PLKI's plan.
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.