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$KORS 1Q16 PR: Retail net sales increased 9% to $523.3MM and on a constant currency basis, retail net sales grew 16%. Wholesale net sales increased 4.2% to $424MM and on a constant currency basis, wholesale net sales grew 9.7%. Licensing revenue increased 20.5% to $38.7MM.
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.