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Springfield, Massachusetts-based $SWHC said despite its record levels of shipments, distributor inventory of firearms remained flat on a sequential basis. There were approx. 92,000 of units in distributor inventory at the end of 3Q16 and at the end of 4Q16. The company added that its adjusted NICS background checks during 4Q16 grew 12.5% YoverY.
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.