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Simeon Siegel of Nomura asks about the opportunity to narrow Zale's productivity gap. CEO Mark Light said $SIG is seeing benefits from its cross-selling of brands. It believes there will be a benefit to sales by having the repair business as internal which will help the topline. The focus is on having a model in place and getting the SG&A in line.
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.