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$O said the company continues to estimate its run rate for property expenses in 2016 to be approx. 1.5% of revenue. Occupancy declined a bit in the quarter due to a number of leases expiring during the quarter. The company continues to expect to end the year at approx. 98% occupancy.
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.