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In 3Q16, $KMX's SG&A expenses increased 6.6%. The increase primarily reflected the 10% growth in store base since the beginning of 3Q15, representing the addition of 14 stores. During the first nine months of fiscal 2016, $KMX opened nine stores and plans to open five new stores for the remainder of the fiscal year.
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.