Want to join the conversation?
Apparel and accessories retailer $LB said that 1Q16 adjusted operating income fell 4% vs. 1Q15, mainly driven by a decline at Victoria's Secret. The company saw that PINK and Bath & Body Works delivered strong results and weaker performance at Victoria's Secret lingerie and beauty. $LB made organizational and leadership changes at Victoria's Secret
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.