Want to join the conversation?
$TLRD ended 2Q16 with $11MM in cash and no draw against its revolving credit line. Long-term debt balance is approx. $1.6Bil. The company is on track to close approx. 90 full-line Jos. A. Bank stores in 2016. By 2Q16-end, $TLRD had closed 23 of these stores. $TLRD is on track to close 100-110 MW tux stores by October.
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.