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Matt Boss from JPMorgan asks about the positioning of sports in the marketplace for the company & how it's performing vs. internal expectations. $LB said it is well positioned in the business, generating substantial growth. Also, it is working hard to accelerate that growth & increase dominance. $LB added it has high ambition for the fall season.
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.