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In terms of $VFC's three largest brands, 4Q15 revenue for The North Face brand was down 2% in currency neutral basis, with low single-digit growth in D2C offset by a mid-single digit decline in the wholesale. On currency neutral basis, global revenue for the Vans brand was up 8% in the quarter, while Timberland brand revenue grew 1%.
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.