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Eric Beder of Wunderlich Securities asks for an update on the custom suiting business. $TLRD replied that the custom suiting business continues to attract about 50% of new customers and about 50% of the business is from trading of existing customers. $TLRD gets higher units per transaction than typically seen on a custom transaction.
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.