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$SPLS expects 1Q16 sales to decrease compared to 1Q15 and sees 1Q16 non-GAAP EPS of $0.16-0.18. For 2016, $SPLS expects to generate about $600MM of free cash flow excluding impact of payments associated with financing for acquisition of Office Depot. The company plans to close about 50 stores in North America in 2016.
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.