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$FDO 3Q15 PR: CapEx was $253.8MM in the first three quarters of FY15 vs. $307.2MM in the first three quarters of FY14. Merchandise inventories at May 30, 2015, increased 2.5% to $1.63Bil vs. $1.59Bil at May 31, 2014. Average inventory per store at the end of 3Q15 was approx. 2% higher than at the end of 3Q14.
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.