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Domestic merchandise retail store chain $BBBY said it expects 3Q15 net sales to be about $3Bil, up 0.3% YoverY, versus previous outlook for net sales to rise about 1.8-4.0%. Based on lower-than-modeled sales, $BBBY estimates net diluted EPS of about $1.07-1.10 versus previously guided diluted EPS of $1.14-1.21.
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.