Want to join the conversation?
Julie Kim of Nomura asks whether the guest loyalty program will impact $BKE's margin and top line. VP of Finance Tom Heacock said while the company is winding down its old Primo program and ramping up the new loyalty, there will be a little bit of an impact to margins but that would dissipate. Going forward, actual GMs would not have an impact.
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.