Want to join the conversation?
$KORS' Retail segment FY16 net sales rose 12.2% versus FY15. Company operated 668 retail stores, including concessions, as of April 2, 2016. Comparable store sales fell 4.2% due to lower sales of watches, apparel and jewelry. Wholesale sales grew 3.8% in FY16 due to higher sales from accessories and footwear products.
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.