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David Glick from Buckingham Research asks about what opportunities can be seen in licensing income from the new Tommy Hilfiger (TH) women's licenses signed with G3. $PVH said over time the company is seeing licensing revenues increasing over $30MM. For $PVH, TH men's is bigger than women's, representing over 60% of total TH volume worldwide.
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.