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Andrew Steinerman from JPMorgan asks about client retention YoverY. $UNF said that the energy clients continue to shrink up. The company said it has also seen it in the supporting industries and that has continued. $UNF has also seen an increase in the national account activities by some of the competition and pricing is a factor.
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.