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Naved Khan from Cantor Fitzgerald asks about the shopper growth and how it will be effected by the trend on the variable advertising channels. $TRIP said the basic variable marketing channels it traditionally use continue apace; no fundamental change in approach. The promotions are not coming at the expense of the variable marketing channels.
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.