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UBS analyst Michael Lasser asks if traffic trend improved over the course of 2Q16. $FIVE says that it has puts & takes in any quarter as it relates to weather. Second quarter is the most cyclical & volatile to weather patterns, but overall, $FIVE is confident that it was largely weather-related and that there were no concerns with its transactions.
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.