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Discount retailer $TGT's 1Q16 sales fell 5.4% versus 1Q15 due to the Dec. 2015 sale of the pharmacy and clinic businesses. Comparable sales grew 1.2%, driven by traffic growth of 0.3% and a 0.9% growth in average transaction amount. Digital channel comp sales grew 23% in the quarter.
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.