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$JCP 2Q15 PR: JCP improved its SG&A and EBITDA guidance and reiterated its remaining FY15 guidance as follows: Comparable store sales expected to increase 4-5%; GM expected to improve 100-150 BPs; SG&A expected to decrease $120MM; EBITDA approx. $620MM; CapEx to be in range of $250-300MM; and free cash flow expected to be breakeven.
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.