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$EL said that its Tom Ford brand has a fast-growing and much desired makeup business. Sales of Tom Ford luxury makeup products rose more than 50% during 3Q16. Estee Lauder and Clinique also achieved global growth in their makeup portfolios. In North America, Estee Lauder brand launched Estee Edit exclusively in Sephora stores and on Sephora.com.
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.