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Specialty retailer $FRAN said its Chief Merchandising Officer, Sei Jin Alt, will be resigning from the company due to personal reasons. A search has been initiated for a new Chief Merchandising Officer and in order to facilitate a smooth transition, Ms. Alt will remain in her current role until November 20, 2015.
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.