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$KORS FY15 10-K: Total OpEx increased 38.0% to $1,390.7MM compared to $1,007.9MM for FY14. OpEx as a percentage of total revenue increased to 31.8% as compared to 30.4% in FY14. KORS spent approx. $356MM on CapEx during FY15. The Company expects to spend approx. $400MM in CapEx during FY16.
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.