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At 1Q16-end, $DKS had 52 new premium full-service footwear decks online. The company expects to have approx. 124 in place by the end of 2Q16 in time for the back-to-school season. The remaining 54 will be in place in time for holiday bringing the total to approx. 180 premium full-service footwear decks.
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.