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David Glick from Buckingham Research probes on whey the guidance appears to be at a lower growth rate in 2H16 on Calvin Klein. $PVH said that in the US the company is taking a prudent posture. The company is expecting the sales trends in 1Q16 to continue for the balance of the year.
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.