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$SKX has signed a new joint venture partnership for Israel with its regional distributor, MGS Sport Trading Ltd. The joint venture, Skechers Footwear, Ltd., will enable the company to aggressively expand the brand. Israel's SKECHERS retail network will be run as joint venture stores and now includes 6 destinations, including Tel Aviv and Jerusalem.
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.