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Oppenheimer analyst Anna Andreeva asks $ANF to talk about foreign tourism business in the US, either as percent of sales or percent of store footprint. CFO Joanne Crevoiserat says that in the 2H16, the company is focused on improvement and expects improvement based on investments being made in the marketing side.
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.