Want to join the conversation?
Edward Yruma asks about order patterns. $GIII said it is being conservative and the projections were done recently to get some visibility. The big percentage of shipping occurs in July. The company is responding to weakness in retail at some of its stores by cancelling some goods and it is being conservative in wholesale too.
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.