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David Mann of Johnson Rice asks about traffic trends. $BIG said in most weeks and most months, traffic has been down but it has been down at a similar rate to the trends seen nationally. The company is focused on share of wallet and this is where the ownable-winnable strategy is benefiting the company.
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.