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$TUES said that it expects to touch between 120-140 stores in FY17. The company expects to close in the neighborhood of 30-35 stores, open 20-25 stores, expand 15-20 stores, and relocate 50-55 stores. In total, $TUES expects to touch about 15% of its store base annually.
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.