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During 1Q16, $BID said that in its Agency segment, it experienced a 35% decline in net auction sales, a 25% decline in private sales and a loss from the inventory activities. Gross profit was down 42% for $48.1MM vs. 1Q15, hurt by softer market conditions.
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.