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Off-price apparel and home fashions retailer $TJX's same store sales for FY16 increased 5% over an increase of 2% in FY15 and an increase of 3% in FY14. The FY16 increase was driven by a rise in customer traffic. $TJX also had a strong increase in units sold which was offset by a reduction in the average ticket.
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.