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Farha Aslam of Stephens asks as $DF walks away from private label business at a large format retailer, does it retain its branded presence at the retailer and is there any change to profit profile. CEO Gregg Tanner said $DF maintains its brands most of the time even while losing private label and it also depends on logistics.
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.