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$FOSL 2Q15 Q&A: Commenting to the question from Murphy of Piper Jaffray about the performance in the Americas region, Kosta told that both FOSSIL and SKAGEN doing very well, mainly because of the company’s efforts to invest more in them. The Company is in pretty good place to continue to gain share in the US, he added.
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.