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Diamond jewelry retailer $SIG said that 4Q16 sales rose by 5.1%, which was significantly higher than the jewelry market as a whole. The company gained profitable market share. Comp sales rose by 4.9% in the quarter. Operating margin expanded by nearly 200 BP due to strong top line and prudent expense management.
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.