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$KSS's working capital fell to $2.26Bil as of Oct. 31, 2015 from $2.42Bil at Nov. 1, 2014, and current ratio fell to 1.57 from 1.66. The decrease in working capital and current ratio are primarily due to $400MM draw on revolving credit facility during 3Q15 which was used to temporarily fund inventory purchases.
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.