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$MHK's SG&A expenses for 3Q15 were $372.7MM, or 17.3% of net sales, an increase of 8.7% compared to 3Q14. As a percentage of net sales, SG&A expenses increased 10 BP. The increase in SG&A expenses in dollars was primarily due to higher sales volumes, and costs associated with investments in new product development, sales personnel and marketing.
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.