Want to join the conversation?
$JCP expects full year 2016 comparable store sales to increase 3-4%. Gross margin is expected to increase 10-30 BPs and SG&A dollars are expected to decrease versus 2015. The company expects 2016 EBITDA to be $1Bil and adjusted EPS to be positive for the year. Free cash flow is expected to improve versus 2015.
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.