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During 3Q15, $KSS' comp store sales increased 1%. The metrics of the comp sales include average unit retail up 50 BPs and units per transaction increased 1.3% resulting in an average transaction value increase of 1.8%. These increases were partially offset by 80 BP decrease in transactions per store.
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.