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$TJX said 2Q17 pre-tax profit margin is planned in the 10.7-10.9% range versus 12% last year. The company is anticipating 2Q17 gross profit margin to be in the range of 28.7-28.8% versus 29.1% last year. $TJX expects SG&A as a percent of sales to be in the range of 17.8-17.9% range versus 16.9% last year.
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.