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$FRAN now expects FY16 net sales of $473-488MM, assuming a low-single digit decrease to a low single-digit increase in comparable sales compared to the prior year increase of 3%. The company expects to open 55 to 65 boutiques and close 6 to 10 underperforming boutiques in FY16 compared to 83 new boutiques opened and 6 boutiques closed in FY15.
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.