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$ANF said that US Hollister brand comp sales improved during 1Q16. While seasonal categories were weak, the company said it saw strength in other areas. Female business comps remained positive in the US led by continued strength in tops as $ANF invested in on-trend categories, which drove strong performance in shirting and fashion tops.
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.