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Kimberly Greenberger of Morgan Stanley asks about retail EBIT margin in 2H17. CFO Joe Parsons said $KORS has a number of initiatives that are going to be positive for the rest of 2017, particularly in 2H17. He added that the company has a number of new products and the e-commerce launch in Europe, which will have a positive impact on EBIT margins.
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.