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$COH said it is continuing to establish its modern luxury concept globally by renovating and opening approx. 165 stores during the quarter, including 45 renovations and 1 new modern luxury store in the directly operated North America business. In total, $COH renovated and opened about 300 modern luxury locations worldwide in FY16.
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.