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Matthew Boss of JP Morgan asks about $RL's wholesale positioning and off-price exposure. CEO Stefan Larsson said $RL has been under the most pressure in the US and the focus is to get back to a high performance in the US wholesale channel. $RL is expanding its direct to consumer channel and out of those channels to e-commerce.
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.