Want to join the conversation?
$FRED said total sales for September 2016 fell 5.5% to $199.9MM from Sept. 2015. Comparable store sales fell 4.9% vs an increase of 4.2% in the prior-year period. Total sales for the YTD period ended Oct. 1, 2016 grew 0.5% to $1.439Bil from the same period last year. Comparable store sales fell 1.5% vs an increase of 1.3% for the prior-year period.
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.