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Lifestyle specialty retail company $URBN said that 1Q17 sales rose by 3% to a record $763MM. This included a 1% Retail segment comp, a 16% increase in Wholesale segment sales, and a $9.5MM in non-comp sales. This also included the opening of two net new stores in the quarter and sales from the newly acquired Vetri Family restaurants.
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.