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$KORS Michael Kors announced that Daisuke Yamazaki has been named President of Japan, following retirement of Toshi Tashiro. Mr. Yamazaki will report to Stephane Lafay, KORS President of Asia. Mr. Yamazaki’s appointment is effective Aug. 10 & Mr. Tashiro will stay on through the end of 2015 in order to ensure a smooth transition of responsibilities
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.