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Rick Patel of Stephens asks about declines in traffic. CEO Mark Light said $SIG saw a decline in retail traffic which was similar to others but the company had a comparatively positive trend. Bridal is a stable business for $SIG so the company does not believe it is affected by retail traffic in jewelery compared to its competitors.
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.