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$VFC 2Q15 Call: Sportswear revenue grew 1 percent. Nautica's revenue was down at a low single-digit rate and Kipling's revenue in U.S. was up 20% vs. 2Q14. International business was 34% of total revenue vs. 36% 2Q14. VFC is operating a 139 more stores than 2Q14. Operating margin was 8.9%, down 30 BP.
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.