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$BKS' Retail segment sales declined 6.1% to $881.7MM in 1Q17. NOOK sales, which include digital content, devices and accessories, declined 24.5% to $41MM for the quarter. Retail incurred an operating loss of $7.4MM, while NOOK incurred an operating loss of $14MM in 1Q17.
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.