Want to join the conversation?
Luxury fashion company $COH reported 4Q16 net income of $81.5MM or $0.29 per diluted share, up almost 600% versus $11.7MM or $0.04 per diluted share in 4Q15, helped by higher net sales. Net sales grew 15% to $1.15Bil, driven by an 11% increase in net sales for the Coach brand.
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.