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$JCP said its strongest performing divisions in 1Q16 were men's, Sephora and footwear & handbags. Geographically, the Northeast and Ohio Valley regions were the company's best performing regions. The company added that conversion and units per transaction were up versus last year, while transactions and average unit retail were down.
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.