Want to join the conversation?
In 1Q17, $KORS' retail net sales grew 7.6% to $562.9MM versus 1Q16, driven mainly by 221 net new store openings since end 1Q16, including 145 stores associated with company's recent acquisitions of Greater China and South Korea operations and the consolidation of the Latin American operations. Wholesale net sales fell 7% to $394.4MM.
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.