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$LB, which owns retail brands like Victoria's Secret and Bath & Body Works, reported 4Q15 net income of $636MM or $2.15 per diluted share, up 12.6% versus $564.8MM or $1.89 per diluted share in 4Q14, helped by higher sales in all stores. Net sales rose 8% to $4.4Bil versus $4.1Bil YoverY, and comparable store sales rose 6% in the quarter.
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.