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$ZUMZ announced that on Aug. 31, 2016, it completed the acquisition of a Melbourne, Australia-based lifestyle retailer, Fast Times Skateboarding. Fast Times was founded in 2008 and currently operates 5 stores and a website in Australia. The acquisition connects the company's North American and European retail networks with the Australian market.
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.