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$ADS said it has signed a new multi-year agreement to provide private label and co-brand credit card services for Williams-Sonoma, a member of $WSM portfolio of brands. $ADS also manages the credit card programs for Pottery Barn and West Elm. $ADS agreed to buy the existing Williams-Sonoma co-brand credit card portfolio.
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.