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During 4Q16, $DY said that its top 5 customers combined produced 73.9% of revenue, increasing 44% organically, while all other customers fell 18.5% organically. Number 1 customer $T grew 82.9% organically, while second largest customer $CMCSA grew 45.3% organically. $DY's third largest customer $CTL was 14% of revenue, while $VZ was 12% of revenue.
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.