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Upscale fashion retailer $JWN said that it intends to open an approx. 32,500-square-foot Nordstrom Rack store at The Market Place in Tustin, California, which scheduled to open in fall 2016. The Market Place, owned & managed by Irvine Company, offers customers more than 120 stores, including Cost Plus World Market, Target, T.J. Maxx and Best Buy.
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.