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$URBN 2Q16 Call: The company is planning to open approx. 32 new stores during the year. By brand, the company is planning to open approx. four new Urban Outfitters stores in North America, 13 new Anthropologie stores globally and 15 new Free People stores in North America.
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.