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Membership fees increased 4% in 2015. This was mainly due to membership sign-ups at existing and new warehouses and increased number of upgrades to $COST's higher-fee Executive Membership program. Member renewal rates are currently 91% in the US and Canada and 88% 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.