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Oliver Chen of Cowen & Co asks for an update on Jared. $SIG said it is working on improving the customer experience in Jared. The company believes the Chosen diamond will be a huge enhancement to the Jared business in 4Q17. $SIG also has some initiatives to enhance selling tactics and it is also testing some pricing tactics for Jared.
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.