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In 4Q16, $RL's Wholesale segment revenues decreased 5% in constant currency and 6% as reported to $942MM. Retail segment sales rose 7% in constant currency and 6% on a reported basis to $889MM. E-commerce revenue was up mid single digits globally. Licensing revenues increased 8% in 4Q16.
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.