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$JCP said it is powering up its Home business by incorporating an appliance showroom to nearly 500 stores and online. The company said it exceeded its EBITDA expectations for 1Q16 and that it continues to expect to achieve full year EBITDA guidance of $1Bil. $JCP will report 1Q results on May 13.
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.