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Jefferies analyst Mark Wiltamuth asks $WFM to talk about the categories where it is seeing disinflation. COO A.C. Gallo says that the company saw deflation in beef costs and in actual retail prices mainly due to expanded promotion strategy. $WFM also saw deflation in its bulk products like almonds where prices dropped off the cliff.
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.