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During 3Q15, $SPLS closed 18 stores and is on track to close approx. 70 stores for 2015 vs. previous guidance of 60 stores. This brings total North American store closures to approx. 240 since the beginning of last year. $SPLS has downsized 12 US stores to 12,000 square foot format bringing the company to 74 of these stores across the chain.
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.