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For food and sundries, comps were mostly flat for 4Q15. The better performing departments were deli, sundries and candy. Within hardlines, $COST's better performing departments were sporting goods, hardware and automotive. Consumer electronics were a negative low single digit YoverY. In softlines, home furnishings and domestics performed better.
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.