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Shane Higgins of Deutsche Bank asks $KR about the consumer trends in 1Q16. CFO Michael Schlotman said the units per basket were down slightly but that was overcome by more trips to drive more units during 1Q16. So these two metrics point to an increase in tonnage and new households also pushed tonnage positively in the qtr.
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.