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Christopher Mandeville of Jefferies asks about merchandise margins at the Flash Foods stores. $CST said it has seen margin improvement and it is introducing programs to improve margins. The focus is on bringing together best practices from Flash Foods and $CST for integration and capturing of synergies. $CST expects margin expansion to continue.
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.