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$M 2Q15 PR: Sales totaled $6.104Bil, a decrease of 2.6% vs. $6.267Bil in 2Q14. Comparable sales on an owned plus licensed basis were down by 1.5%. Operating income totaled $436MM vs. $571MM in 2Q14. Net income was $217MM or $0.64 per diluted share vs. $292MM or $0.80 per diluted share in 2Q14.
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.