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$VFC 2Q15 Q&A: Yruma of KeyBanc asked about timing of Nautica reboot. Eric replied that VFC is at the front end of this and just finished its consumer segmentation study. From a timing, will continue to see improvement over the next 12-18 months as the team locks on to this new model and new strategy and putting differentiated products.
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.