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Dan Wewer of Raymond James asks about if the cost concessions from the company's vendors accelerating. $AZO said it's probably a combination of cost concessions and also sourcing. The company puts lots of effort around improving capabilities around sourcing. $AZO is pleased with the health of the margin.
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.