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In FY16, $KORS' royalties earned on licensing agreements rose 0.9% versus FY15, mainly due to higher revenue earned on licensing agreements related to jewelry, eyewear and outerwear sales. $KORS opened 47 stores in The Americas, 44 stores in Europe and 51 stores in Asia, bringing total store count to 668 at end FY16.
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.