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$RGS said the Easter shift from 4Q15 to 3Q16 has reduced 4Q16 same-store sales by approx. 40 BPs. The company's North American Value business represents approx. 80% of the total fleet and reported same-store sales of 1.3% for all of FY16. This represented 100 BP improvement over the prior year. In 4Q16, North American Value was down 40 BPs.
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.