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$JWN said that its full-line stores, Nordstrom.com and Trunk Club had a combined comp decrease of 2.3%. This reflected an unfavorable impact of over 250 BP from the event shift. The momentum of Nordstrom Rack, consisting of stores and online, continued with a comp increase of 5.3% on top of last year's increase of 6.5%.
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.