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Seth Sigman of Credit Suisse asks about any more color on driving profitability in FY16. $AAP CFO Mike Norona said the company is very focused on getting the sales line going to help the bottom line. $AAP is going to continue to look at cost to make the company more efficient and simplify the business.
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.