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$AZO said the company continues to expect to open two or three distribution centers over the next few years to support more frequent deliveries to new store and the mega-hubs. Related to this, the company does not expect any distribution center to come online until FY17.
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.