Want to join the conversation?
$HD 2Q15 Call: Total sales per square foot for second quarter were $420, up 4.1% from last year. At the end of the quarter, inventory was $11.9Bil, up slightly from last year. Payables were up $330MM from last year and our payables were distorted by impact of a stronger USD. On a currency neutral basis, payables were up $459MM from the prior 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.