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$COH said that one of the company's key strategic initiatives in the year ahead will be elevating the coach brand in the North America wholesale channel. In FY17, the company said it will be rationalizing its department store distribution, taking the door countdown by about 25% or by over 250 locations.
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.